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.