Revlon files for bankruptcy

Cosmetics giant Revlon, Inc. has voluntarily filed for bankruptcy in an effort to reorganize its capital structure and improve its long-term outlook. The Chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of New York includes Revlon and its subsidiaries in Canada and the United Kingdom. The company said it faces liquidity constraints brought on by continued global challenges, including supply chain disruption and rising inflation, as well as obligations to its lenders. On…