Cosmetics giant Revlon, Inc. (NYSE: REV) has filed for bankruptcy under Chapter 11 in a U.S. Bankruptcy Court of New York. The filing includes the company’s operations in the U.S., Canada and the U.K. Following the news, REV stock declined 9% in the pre-market trading session on Thursday. The President and CEO of Revlon, Debra Perelman, said, “Consumer demand for our products remains strong – people love our brands, and we continue to have a healthy market position. But our challenging capital structure has limited our ability to navigate macro-economic issues in order to meet this demand.
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Revlon (NYSE:REV)
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