Revlon’s bankruptcy plan would wipe out shareholders

Revlon’s bankruptcy plan would wipe out shareholders
(Image: Getty)
Bloomberg
By Jeremy HillRonald Perelman’s Revlon will likely pursue a debt restructuring that hands ownership of the company to lenders and wipes out shareholders, according to an agreement between the bankrupt cosmetics giant and two key creditor groups. The company entered a restructuring support agreement with a critical lender group and its official committee of unsecured creditors on Monday, filings show. The deal calls for doling out ownership stakes in Revlon to secured lenders, while mostly wiping out the company’s lowest-ra...

More Bloomberg

What musicians like Grimes can teach us about AI
Technology Opinion

What musicians like Grimes can teach us about AI

Humans aren’t powerless in the face of automation.

In defence of Mariah Carey’s Christmas tyranny
Bloomberg

In defence of Mariah Carey’s Christmas tyranny

Despite the scorn, there’s a reason the song’s become part of the holiday tradition.

Bloomberg 04 Dec 2023
Slowdown in luxury sector may widen Xmas present choices
Bloomberg

Slowdown in luxury sector may widen Xmas present choices

Now could be a good time to put some bling under the tree.

Bloomberg 03 Dec 2023
The watery appeal to home buyers in Europe's empty villages
Bloomberg

The watery appeal to home buyers in Europe's empty villages

The changing climate could create upheavals in living in these days of remote work.

Bloomberg 02 Dec 2023