Revlon files for bankruptcy protection amid debt, costs and supply problems

Revlon has filed for Chapter 11 bankruptcy (AP Photo/Elise Amendola, File)

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.

With household names like Almay to Elizabeth Arden, Revlon has been a mainstay on store shelves for decades. And it’s a company that broke race barriers and put supermodels like Iman, Claudia Schiffer, Cindy Crawford and Christy Turlington front and centre.