Woke cosmetic company Revlon files for bankruptcy.

[WHO IS SERAFIN]

I hope this becomes a trend.

 

[Webster]

As usual, you make a mountain out of a molehill of business....

Cosmetics maker Revlon files for bankruptcy in US

The 90-year-old firm says supply chain disruptions have driven up the cost of raw materials.

www.bbc.com

Cosmetics maker Revlon has filed for bankruptcy in the US, as it says supply chain disruptions have driven up the cost of raw materials for its products. The 90-year-old firm says it has also been struggling with supplier payments, inflation and labour shortages.

 

[WHO IS SERAFIN]

As usual, you make a mountain out of a molehill of business....

Cosmetics maker Revlon files for bankruptcy in US

The 90-year-old firm says supply chain disruptions have driven up the cost of raw materials.

www.bbc.com

Yeah, I don’t think so, I know a lot of women like my wife who won’t touch their makeup or buy from Victoria secrets which the stocks have plummeted

 

[Webster]

Yeah, I don’t think so, I know a lot of women like my wife who won’t touch their makeup or buy from Victoria secrets which the stocks have plummeted

You didn't even read it, did you?

 

[WHO IS SERAFIN]

You didn't even read it, did you?

Oh I read it and it’s making it out that the supply chain is what brought them down and it’s not true.


Quote: The company's flagship Revlon segment didn't fare much better, recording a sales decline of 6% to $229.1 million,

Sales declines were particularly notable in the company’s fragrance segment, where they fell 16% from $108.8 million in Q1 2017 to $91.4 million.

Revlon’s portfolio segment, which includes brands such as Almay, Cutex and American Crew, also saw sales fall 8.3% from $146.6 million to $134.5 million.

https://us.fashionnetwork.com/news/revlon-losses-continue-downward-spiral-as-north-america-and-fragrance-sales-slip,976421.html

 

[Webster]

it’s making it out that the supply chain is what brought them down and it’s not true.

Tell that to every other company that uses the same supply chain lines.....

 

[WHO IS SERAFIN]

Tell that to every other company that uses the same supply chain lines.....

But yet those cosmetic companies aren’t going bankrupt, hmmmmmmmmmm!