June 16, 2022 - 7:19 AM
NEW YORK (AP) — Revlon filed for Chapter 11 bankruptcy Thursday, weighed down by heavy debt load, disruptions to its supply chain and surging costs. The one-time cosmetics juggernaut owns iconic brands like Almay and Elizabeth Arden. It was started in 1932 by brothers Charles and Joseph Revson and Charles Lachman who unveiled a revolutionary nail enamel. It began selling lipstick in 1939.