BUSINESS

Revlon files for bankruptcy

It has lost sales to celebrity brands such as Kylie Cosmetics and Fenty Beauty.

In Summary

•It has lost sales to celebrity brands such as Kylie Cosmetics and Fenty Beauty.

Reuters reports that the cosmetics firm filed for bankruptcy on June 15. Over the years, the company, formed in 1932, has lost sales to celebrity brands such as Kylie Cosmetics and Fenty Beauty.