1. Corporate Finance

Revlon will wipe out $2.7B in debt as it exits bankruptcy later this month

Written by Posted on Less than 0 min read

The cosmetics giant will leave Chapter 11 as a private company in coming weeks, with $285 million in fresh liquidity and $1.5 billion in debt.

View Original Article
Member since
Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics such as the future of brick-and-mortar, retail technology, e-commerce, marketing, payment technology, in-store operations, omnichannel shopper journey, and more. Retail Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 7+ million decision makers in the most competitive industries. https://www.retaildive.com/
Do you like RetailDive's articles? Follow on social!

More from RetailDive

  1. Department: Consumer Durables

Hasbro focuses on ‘high-profit partnerships’ to drive recovery as sales fall 24%

Excluding the sale of its eOne division, revenue was still down 9% in Q1, but the toy manufacturer swung to a profit. View Original Article Partnerships Dept. Toys & Games RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping […]
< 1 min read
0
  1. Department: Beverage

Athletic Brewing collaborates with Walker Hayes for new nonalcoholic beer

The country singer and brewing company partnered for the release of Fancy Like, named after Walker’s song of the same name. View Original Article Dept. Beverage Dept. Adult Bev RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email […]
< 1 min read
0
  1. Partnerships & Alt Profit

Saks Off 5th partners with Rent the Runway

Customers can purchase secondhand designer items from Rent the Runway on a new “pre-owned” section of Saks Off 5th’s website.  View Original Article Recommerce Partnerships RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, […]
< 1 min read
0
  1. Department: Food

The Weekly Closeout: Target faces ESG lawsuit, BeautyStat names chief marketing officer

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about.  From Dollar General expanding its fresh produce […]
6 min read
0
  1. Retail Ecosystem

Savage X Fenty launches pop-up shop ahead of Rihanna’s Super Bowl performance

The Los Angeles pop-up will showcase a limited edition Game Day collection, featuring hoodies, sweatpants, varsity jerseys and more. View Original Article Holiday & Events Pop Ups RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, […]
< 1 min read
0
  1. Media & Marketing

On’s net sales jump 46.5% in Q3 as it plans to slow wholesale expansion

​[[“value”:” Dive Brief The athletics brand saw DTC net sales increase 54.6% and raised its full-year outlook again to project an annual growth rate of over 46%. Published Nov. 14, 2023 On’s Miami storefront. The brand’s executives said they see less consumer enthusiasm this holiday season compared to 2022. Courtesy of On “]]  View Original […]
< 1 min read
0
  1. Corporate Strategy

J.C. Penney’s head of e-commerce pivots to chief customer officer

Katie Mullen, who arrived at the struggling department store over a year ago, previously led digital efforts at upscale retailer Neiman Marcus. View Original Article Executives Shoppers RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily […]
< 1 min read
0
  1. Corporate Finance

Sears Holdings $175M settlement with Lampert has court approval

The settlement clears the way for a resolution to the company’s grinding, expensive Chapter 11 case. View Original Article Bankruptcy RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics such […]
< 1 min read
0
  1. Trends & External Forces

Weathering the storm: Effective waste collection strategies for the winter months

 As winter weather continues, stores are challenged to ensure proper waste and recycling processes. View Original Article Sustainability Brick and Mortar Weather RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app […]
< 1 min read
0
  1. Stores & Formats

Salt Life continues brick-and-mortar expansion with Virginia store opening next month

​With this new location, the apparel brand will have opened seven stores in 2023, bringing its total to 28. View Original Article Editor's Choice Brick and Mortar Store Location Dept. Apparel RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends […]
< 1 min read
0
  1. Associates & Employees

Funko lays off 12% of workforce

​ Dive Brief The staff cuts affect 180 employees and come as the company, known for its pop-culture-inspired figures and collectibles, reported sales fell 24% in Q2. Published Aug. 7, 2023 By Howard Ruben Funko Pop Vinyl figurine bobbleheads are displayed during 2019 Los Angeles Comic Con at Los Angeles Convention Center. The company anticipates the job […]
< 1 min read
0
  1. Stores & Formats

Tuesday Morning is going out of business after 49 years

The discount retailer is working to close its remaining stores after a federal bankruptcy judge approved Hilco Global’s $32 million offer. View Original Article Brick and Mortar Bankruptcy RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The […]
< 1 min read
0
  1. Corporate Strategy

The Athlete’s Foot builds out its marketing team

The company promoted two executives and added two new positions including a social media coordinator and a marketing coordinator.  View Original Article Associates Executives Marketing: Social Media ESG and CSR RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping […]
< 1 min read
0
  1. Uncategorized

Why growing retailers prioritize the checkout experience

​How you mix and match elements of the checkout experience can have a significant impact, and there’s a lot of opportunity to grow for retailers that have not optimized it.  View Original Article RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news […]
< 1 min read
0
  1. Holiday & Events

Despite Black Friday blockbuster, Lululemon maintains its holiday outlook

​[[“value”:” Dive Brief The brand continues to defy expectations, but may finally be approaching a plateau as competition rises and consumers remain cautious. Published Dec. 8, 2023 A Lululemon mall store. The brand opened 14 net new stores in Q3, ending with 686, and has plans for about 25 more by the end of the […]
< 1 min read
0
  1. Corporate Strategy

Casper CEO joins Macy’s board

Emilie Arel signs on to advise the department store as the DTC brand pursues a turnaround strategy emphasizing cost cutting and a refocused product assortment. View Original Article Executives Strategy Merchandising RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. […]
< 1 min read
0
  1. Stores & Formats

Five Below sales up nearly 14% as it scoops up Tuesday Morning leases

The retailer is also on track to convert 400 stores to its higher-priced Five Beyond format before the end of the year. View Original Article Brick and Mortar RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The […]
< 1 min read
0
  1. Trends & External Forces

Sephora announces 2024 Accelerate program cohort

​[[“value”:” Dive Brief The retailer is continuing to support emerging beauty brand founders with grants, access to industry leaders and an opportunity to sell in stores. Published Dec. 14, 2023 A Sephora storefront. The company received a record of more than 800 applicants for the 2024 accelerator program. Permission granted by Sephora “]]  View Original Article […]
< 1 min read
0
  1. Holiday & Events

How Pattern Brands is using acquisitions to accelerate its brick-and-mortar plans

The company’s Poketo brand, which it acquired last year, recently opened a store in Santa Monica, California. View Original Article Holiday & Events RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and […]
< 1 min read
0
  1. CPG: Food

Figs opens first brick-and-mortar store

​[[“value”:”The DTC healthcare apparel brand opened an LA shop, announced plans for a second location in Philadelphia and raised its full-year outlook.”]]  View Original Article Store Location Health & Wellness Dept. Apparel KraftHeinz RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news […]
< 1 min read
0
Next