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Longacre Square Partners handles communications for the reorganization of Revlon, which on June 16 filed for Chapter 11 in US Bankruptcy Court for the Southern District of New York.
The beauty products company says Chapter 11 will allow it to reorganize its “legacy capital structure and improve its long-term outlook amid liquidity constraints brought on by continued global challenges, including supply chain disruption and rising inflation, as well as obligations to lenders.”
Billionaire financier Ron Perelman bought Revlon in 1985 in one of the first high-profile leveraged buyout deals.
His daughter, Debra Perelman, helms the company.
She said bankruptcy protection will “allow Revlon to offer our consumers the iconic products we have delivered for decades while providing a clearer path for future growth.”
Longacre’s Dan Zacchei, Charlotte Kiaie and Ashley Areopagita represent Revlon.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
