New Delhi: Revlon Shares rise 62% in New York trading after ET Now report Reliance Industries The cosmetics giant is looking to buy.
Billionaire-owned Reliance Industries Mukesh AmbaniJust days after Revlon filed for Chapter 11 bankruptcy, the publication considered a motion, citing people familiar with the matter.
After billionaire Ron Perelman’s McAndrews & Forbes-owned Revlon suffered during the pandemic after years of declining sales and financial disputes, the company said Thursday it could “disrupt” the restructuring process.
Representatives for Revlon and Reliance Industries did not immediately respond to requests for comment.
Revlon began selling nail polish 90 years ago in the throes of the Great Depression, and later added coordinating lipsticks to its collection. By 1955, the brand was international.
Shares of the cosmetics giant were down 83% from early 2022 to Thursday’s close.
Billionaire-owned Reliance Industries Mukesh AmbaniJust days after Revlon filed for Chapter 11 bankruptcy, the publication considered a motion, citing people familiar with the matter.
After billionaire Ron Perelman’s McAndrews & Forbes-owned Revlon suffered during the pandemic after years of declining sales and financial disputes, the company said Thursday it could “disrupt” the restructuring process.
Representatives for Revlon and Reliance Industries did not immediately respond to requests for comment.
Revlon began selling nail polish 90 years ago in the throes of the Great Depression, and later added coordinating lipsticks to its collection. By 1955, the brand was international.
Shares of the cosmetics giant were down 83% from early 2022 to Thursday’s close.