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A Cosmetics Giant Files for Bankruptcy

Iconic Revlon is struggling to deal with debt, supply issues, changing tastes

(Newser) - Revlon, the 90-year-old multinational cosmetics company, has filed for Chapter 11 bankruptcy protection, weighed down by rising debts, global supply chain disruptions, and new rivals. With household names like Almay to Elizabeth Arden, Revlon has been a mainstay on store shelves for decades, the AP reports. And it's a...

Citibank Can't Recover $500M Sent in Error

Judge rules against financial giant

(Newser) - Citibank says it will appeal a federal judge’s Tuesday ruling that it is not entitled to recover about $500 million that it mistakenly wired to creditors on behalf of Revlon, CNN reports. Citibank, acting as Revlon’s loan agent, intended to send interest payments totaling about $8 million to...

5 Ugly Beauty Biz Facts
 5 Ugly Beauty Biz Facts 

5 Ugly Beauty Biz Facts

Toxic chemicals lurk in products

(Newser) - The beauty industry banks $500 billion a year by helping people hide the epidermal truth—so it should come as no surprise that the biz glosses over a few facts. Treehugger lists five:
  • Skin-toxic chemicals lurk in many skincare products, "and trigger skin problems such as rashes, redness, acne,

Revlon Boss Goes After Ex-Wife's Family in Court

Billionaire Perelman's lawsuit alleges former brother-in-law connived to grab millions

(Newser) - Revlon's billionaire chairman has sued his former brother-in-law over millions he says are owed to the estate of his late ex-wife and their daughter, Bloomberg reports. Ron Perelman alleges Robert Cohen was “wanton, willful and malicious” in persuading his parents—one ailing, the other incapacitated—to transfer their assets...

Barkin Sues Ex for More Millions
Barkin Sues
Ex for More Millions

Barkin Sues Ex for More Millions

Claims Perelman owes her film company

(Newser) - Ellen Barkin is $40 million richer after last year’s divorce from billionaire Ron Perelman, but now she says the Revlon mogul owes her production company $3.4 million. Barkin is suing her ex for the funding, promised in a contract—but Perelman has no intention of paying up, the...

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