Company News, Financial News

Rumors Swirl of a Revlon Bankruptcy

Debt-riddled beauty icon could file this week say sources.

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By: TOM BRANNA

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Revlon is considering bankruptcy. According to sources, the beleagured beauty company could file Chapter 11 bankruptcy sometime this week. The rumors sent Revlon’s stock tumbling 53% on Friday. It marked its biggest daily drop ever, closing at $2.05. In premarket trading, the stock was down 12.2% to $1.80. Revlon's problems are many. The company's brands such as Almay, Elizabeth Arden and, of course, Revlon, have failed to find footing with younger consumers and were slow to ente...

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