Day: June 22, 2022

Revlon crafted a cosmetics empire on crimson nail polish, with lipstick to match. But the pioneering brand name, a mainstay of beauty cabinets due to the fact the Wonderful Melancholy, has shed its shine, amid the rise of a new technology of beauty makes, switching searching behaviors, and provide chain snarls. The company submitted for bankruptcy defense this week, its financial statements awash in crimson ink.

Revlon filed for Chapter 11 in the US Personal bankruptcy Court docket for the Southern District of New York, with about $3.8 billion in personal debt. It stated it experienced secured $575 million in “debtor-in-possession loans” to assistance fund its operations in bankruptcy. The business has about 5,700 staff members.

Revlon’s difficulties have been mounting for some time. Amid declining gross sales in 2020, it cut 1,000 positions in hopes of bettering profitability. Afterwards that yr, it narrowly averted filing for individual bankruptcy by

I’m fired up to have participated once more to an professional call with Richard Chamberlain, Head of Customer Discretionary investigation at RBC Capital Marketplaces Europe. Richard handles the General Retail sector and oversee the Luxury Products and Internet sectors. We begun our collaboration a several decades ago and I truly respect RBC Funds Marketplaces insights which give me deep understading of retail industry financials and macroeconomic traits.

This is the initial element of our most up-to-date discussion that took place last 25th of April.

RBC: In an setting of better inflation, how do you see purchaser conduct changing in trend eg do you hope significantly switching or buying and selling down?

Alfonso Segura: Inflation erodes getting electrical power, this is no mystery. But it is also correct that purchaser designs have changed considering the fact that the pandemic. I really don’t believe we can use the very same methodologies or