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

US bonds have never been risk-free, and never will be
Bloomberg Opinion

US bonds have never been risk-free, and never will be

 It will still be a low-risk asset and in high demand. 

Meta and Apple just got slapped by Europe’s new rulebook
Technology Opinion

Meta and Apple just got slapped by Europe’s new rulebook

The era of the speeding ticket may well be over.

Bloomberg 25 Apr 2025
China floods the world with AI models after DeepSeek’s success
Technology

China floods the world with AI models after DeepSeek’s success

Long-dormant Chinese tech sector now fired up, and Western rivals may pay the price.

Bloomberg 29 Mar 2025
Thailand plans to cut tourists’ visa-free stays to 30 days
Travel

Thailand plans to cut tourists’ visa-free stays to 30 days

Govt cracking down on travellers exploiting the waiver to engage in illegal businesses.

Bloomberg 23 Mar 2025