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Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986), [1] was a landmark decision of the Delaware Supreme Court on hostile takeovers. The Court declared that, in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular ...
Revlon. Revlon, Inc. is an American multinational company dealing in cosmetics, skin care, perfume, and personal care. The headquarters of Revlon was established in New York City on March 1, 1932, where it remains. Revlon was founded by brothers Charles and Joseph Revson, and chemist Charles Lachman. Revlon products are sold in 150 countries ...
Revlon filed for Chapter 11 bankruptcy protection in mid-June 2022 following its attempt at preservation by obtaining a loan from Citigroup in 2018. Subsequently, the bank mistakenly wired $900M, rather than the intended $8M, for interest payments to Revlon's lenders; less than half of the wired sum had been recovered when Revlon filed for ...
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.
Cosmetics maker Revlon Inc has filed for bankruptcy, falling victim to global supply chain disruptions that pushed up raw material costs and prompted vendors to demand upfront payments. Known for ...
NEW YORK (Reuters) -Revlon Inc received bankruptcy court approval to borrow $375 million on Friday, saying it would use the funds to shore up supply chain problems that would otherwise imperil the ...
Revlon Inc received a U.S. bankruptcy judge's permission on Monday to proceed with a $1.4 billion loan, over an objection by junior creditors who argued that its onerous terms could block their ...
On November 3, 2016, Revlon's board of directors appointed E. Scott Beattie, Elizabeth Arden's former chairman, president and chief executive officer, to serve as a member of Revlon's board of directors in the capacity of non-executive vice-chairman. [10] On June 16, 2022, its parent, Revlon, filed for Chapter 11 bankruptcy. [11]