The nail polish and lipstick maker said the move will allow it to "strategically reorganise" its finances, pointing to "liquidity constraints" sparked by supply chain disruptions and inflation.
She added that its "challenging capital structure has limited our ability to navigate macro-economic issues in order to meet this demand." It has also been hit by supply issues, made worse by the COVID-19 pandemic. Resulting product shortages were another major factor in tipping Revlon into bankruptcy, and analysts have said they were unlikely to be resolved in the near-term.READ MORE:
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