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1 year ago

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Breakingviews - Revlon reminds sellers of the bad times

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Breakingviews - Revlon reminds sellers of the bad times

Boards can often become overconfident when it looks like their prospects are only going to get better. But tides almost always turn. Revlon is a great example. The 90-year-old company filed for bankruptcy on Wednesday after the Covid-19 pandemic exacerbated a shift to online sales . It's a reminder to corporate leaders that they must maximize value when they can.

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Breakingviews - Revlon reminds sellers of the bad times

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Breakingviews - Revlon reminds sellers of the bad times

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