It’s official — Revlon is out of bankruptcy, and Ronald Perelman is out of Revlon.
“I’m sure there will likely be loads of changes. Ronald not holds the keys,” said one industry source, speculating about Revlon’s post-bankruptcy life.
Perelman had helmed Revlon for the reason that ’80s as majority owner and chairman, wielding many years of control over a once-powerful beauty brand that for years urged women to “be unforgettable.”
Now, Revlon’s got to take that mission to heart because it emerges right into a beauty market chock-a-block with celebrity and influencer brands, in addition to dominant conglomerates, including L’Oréal.
The business emerged from Chapter 11 bankruptcy after just below a yr Tuesday, with a recent owner, recent board and billions less in...
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