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,Owned by billionaire investor Ronald Perelman and run by his daughter, Debra Perelman, Revlon has reported a net loss of US$67 million from January to March. – AFP pic, June 16, 2022.

US co *** etics giant Revlon has filed for bankruptcy after years of stiff competition from rivals focused on online sales and supply chain problems.

In a court filing late yesterday, the company initiated Chapter 11 proceedings to manage its debt, which it said stood between US$1 billion (RM4.4 billion) and US$10 billion.