Revlon, the 90-year-old multinational cosmetics company, has filed for Chapter 11 bankruptcy protection, weighed down by rising debts, global supply chain disruptions and new rivals.

With household names like Almay to Elizabeth Arden, Revlon has been a mainstay on store shelves for decades. And it’s a company that broke race barriers and put supermodels like Iman, Claudia Schiffer, Cindy Crawford and Christy Turlington front and centre.

It has struggled in recent years, however, with mounting debt, rising competition, and failure to keep pace with changing beauty standards.

The New York City company was slow to follow most women who gave up flashy cosmetics like red lipstick for more muted tones, starting in the 1990s. And in addition to rivals like Procter & Gamble, it faced increased competition from celebrity cosmetics lines, like Kylie Jenner’s Kylie, which capitalised on their massive social media following.

Revlon’s problems only intensified with the pandemic as sales of lipstick tumbled, with masks the fashion of the era.

Sales tumbled 21 per cent 2020, the start of the pandemic, though those sales bounced back 9.2 per cent in its most recent reporting year with vaccines now widespread. In the latest quarter that ended in March, sales rose nearly eight per cent. The company avoided bankruptcy in late 2020 by persuading enough bondholders to extend its maturing debt.

The New York-based company said that upon court approval, it expects to receive US$575 million in financing from its existing lenders, which will allow it to keep its day-to-day operations running.

"Today’s filing will allow Revlon to offer our consumers the iconic products we have delivered for decades, while providing a clearer path for our future growth," said Debra Perelman, who was named Revlon president and CEO in 2018.

Her father, billionaire Ron Perelman, backs the company through MacAndrews & Forbes, which acquired the business through a hostile takeover in the late 1980s. Revlon went public in 1996.

Perelman said that demand for its products remains strong, but its "challenging capital structure" offered limited ability to navigate macro-economic issues.

In recent months, Revlon has experienced industry-wide supply chain challenges and higher costs that are challenging companies globally. It said in March that logistical issues hurt its ability to meet customer orders. It also said it was stymied by rising prices on key ingredients and persistent labour shortages.

During its heyday in the 20th century, Revlon trailed only Avon in sales. It now holds the 22nd spot among cosmetics makers, according to a recent ranking by fashion trade journal WWD.

In 1970, Revlon became the first beauty company to feature a black model, Naomi Sims, in its advertising. In the 1980s, Revlon made a big splash with its supermodel campaign featuring diverse, famous and new models including Iman, Claudia Schiffer, Cindy Crawford and Christy Turlington when it promised to make women "unforgettable".

As women venture out, Revlon’s makeup sales are rebounding. Perelman said the company also used the health crisis as an opportunity to double-down on investments online. During the pandemic, Elizabeth Arden launched one-on-one virtual consultations, for example.

Perelman also said that the company was learning from celebrity launches like Kylie to be more nimble. For example, it cut months off of developing new products. Perelman said she was also seeing Revlon regaining market share.

None of Revlon’s international operating subsidiaries are included in the proceedings, except for Canada and the United Kingdom. The filing was made in the US Bankruptcy Court for the Southern District of New York,

The company listed assets and liabilities between US$1 billion and US$10 billion, according to its bankruptcy filing.

Modified from online source on June 2022

QUESTION 1

According to the case, identify THREE (3) macro-environmental factors and state how they have impacted the Retailer in question. (15

As per the product structure tree to produce 20 phones we will need 60 items of C. The order for Fs should be placed in week 7

As per the given inventory records and product structure tree: There are 20 phones required to be produced. We need to find the number of item C needed in order to produce 20 phones. Therefore, as per the product structure tree,

Therefore, to produce 20 phones we will need:20 x 1 A per phone = 20 A20 x 2 B per phone = 40 B20 x 3 C per phone = 60 C20 x 1 D per phone = 20 D20 x 1 F per phone = 20 F. Therefore, we need 60 items of C to produce 20 phones.

Now, let's find out when the order for F should be placed to deliver phones in week 10, if the phones require 2 weeks to assemble. Given, the lead time for F is 1 week. As the phones require 2 weeks to assemble, we need to place an order in week 7 so that it arrives by week 10 (2 weeks to assemble + 1 week lead time for F).

Therefore, the order for Fs should be placed in week 7.

Learn more about product structure tree: brainly.com/question/25284447

#SPJ11

Answer:

I. Retail industry

ii. 7%

Explanation:

Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.

Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc

In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.

Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.

Answer:

Retail Trade

7%

Explanation:

Edge 2020

Correct option is A.

In the quick run, a limit in production costs of a product will shift each the demand curve and the grant curve to the right.

Causes of Shift in Short-Run Aggregate Supply

Some of the elements that would shift the SRAS curve consist of adjustments in commodity prices, nominal wages, productivity, and future expectations about inflation. In general, a shift to the right of the SRAS curve lowers the typical costs and raises the output produced.

When both the demand curve and the provide curve shift rightward, the equilibrium quantity increases, but the equilibrium fee can also increase, reduce or remain unchanged, depending on the magnitude of shifts in the the two curves.

Learn more about short-run supply curve here:

It should be noted that in the environment industry organization model, cell 2 simply means B. Complex stable environment.

The business or industry environment simply means the environment where an organization operates. It includes the customers, partners, suppliers, etc.

In the environment industry organization model, cell 2 simply means the complex stable environment.

Learn more about models on:

https://brainly.com/question/17764105

Fill The Blank ? World foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with Foreign Direct Investment.

Foreign Direct Investment (FDI) is an investment made by a company or entity in one country into business interests located in another country. It occurs when a company invests directly in facilities such as factories, real estate, or equipment in another country.

FDI is a major driver of economic growth and development, providing companies with access to new markets, and allowing them to benefit from lower production costs and increased efficiency.

Over the past three decades, FDI flows have increased dramatically, with global FDI flows increasing by 600 percent between 1990 and 2017. FDI can also bring with it new technologies and management practices, which can help to boost productivity and competitiveness.

FDI can also create jobs and spur economic growth in the host country, as companies establish new operations and hire local workers. Additionally, FDI can help to increase exports, as countries can benefit from new markets, access to resources, and improved access to capital.

For more questions like Investment visit the link below:

https://brainly.com/question/20714462

#SPJ4

Answer:

I want be doctor but still I can do the business of handicrafts . I don't like nightcore songs .

Answer:

wanna be a doctor if I want buissnes maybe art I donno.

Explanation:

do you watch anime which one

Answer: $120,000

Explanation:

Based on the information given, the amount that the insurer will pay as a result of this accident will be gotten by adding the amount of bodily injury damages and the defense costs. This will be:

= $80000 + $40000

= $120,000

Therefore, the insurer will pay $120,000.

By enabling diversification, specialisation, liquidity, cost-effectiveness, and regulatory protection, indirect financing can be advantageous to both savers and borrowers.

Because banks can charge lower interest rates than private investors and because there are typically more investors interested in buying bonds than in lending money directly to businesses, indirect finance has the major benefit of making it more affordable for businesses to borrow money.

A financial intermediary accomplishes this by borrowing money from savers and lenders, and using that money to lend to spenders and borrowers.

To know more about financing visit:-

https://brainly.com/question/10024737

#SPJ1

Answer:

1.) C. two car companies compete to make the cheapest electric car

Answer:

The answer is 2

Explanation:

Answer is the letter D the overall way you deal ith conflicts

Answer:

C.

the overall way of portraying yourself when communicating with others

Explanation:

Answer:

It would be better to have it daily so you can keep an everyday record.

Explanation:

The main answer is that the description "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4" does not provide enough information to determine the exact number of acres.

The description only specifies the fractional parts of various quarters within Section 4, but it does not specify the size of the section or the size of each quarter.

To determine the number of acres, we need to know the total area of Section 4 in acres. A section of land typically consists of 640 acres, but the exact size can vary depending on the jurisdiction or survey system being used. Once we know the total area of Section 4, we can calculate the number of acres based on the given fractional parts.

For example, if Section 4 is 640 acres, the NW¼ of the SE¼ would be (1/4) * (1/4) * 640 = 40 acres. The S½ of the SW¼ of the NE¼ would be (1/2) * (1/4) * (1/4) * 640 = 20 acres. However, without the information on the size of Section 4, we cannot accurately determine the total number of acres based on the given description.

In summary, the provided description only specifies fractional parts of various quarters within Section 4, and without the total area of Section 4, it is not possible to determine the exact number of acres.

To learn more about fractional parts : brainly.com/question/16824995

#SPJ11

The problem of the firm is to find the equilibrium price and quantities for gas stations in both parts of the country.

In the north, the inverse demand function for gas stations is Dn(n) = 700 - qn and in the south, it is Ds(s) = 710 - 34s. Here, q denotes the quantity of gas and p is the price of gas in cents. A uniform linear price is charged by the firm that has a constant marginal cost of $100 and operates in both parts of the country. The firm needs to find the equilibrium quantities qN and qs and the equilibrium price that the firm can charge.

The equilibrium price that the firm can charge would be the same in both parts of the country and can be found by calculating the average price from the inverse demand functions. Therefore, the equilibrium price can be calculated as follows: (700 - qn + 710 - 34s)/2 = 100. Solving the equation, we get qn = 250 and qs = 140. Therefore, the equilibrium quantities would be qN = 250 and qs = 140.

Learn more about demand function:

https://brainly.com/question/31229840

#SPJ11

To improve firm performance using big data analytics capability and government institutions strategy alignment, the following steps can be taken:

Step 1: Establish a Big Data Analytics CapabilityAs a first step, it is necessary to establish a Big Data Analytics capability. This can be done by building a team of data scientists and investing in the necessary technology infrastructure.
Step 2: Align the Firm's Strategy with Government Institutions StrategyIt is important to align the firm's strategy with government institutions strategy. This can be done by engaging with government institutions and understanding their priorities and goals. Once this is done, the firm can develop a strategy that is in line with these goals.
Step 3: Collect and Analyze Data Once the Big Data Analytics capability is established, the firm can collect and analyze data. This data can come from a variety of sources, including social media, customer data, and operational data. The data can then be analyzed to identify trends and patterns that can be used to make informed decisions.
Step 4: Use Data Insights to Improve Firm Performance The insights gained from data analysis can be used to improve firm performance. For example, data can be used to optimize pricing, improve customer experience, and streamline operations. By using data insights to drive decision-making, the firm can improve its overall performance.

To learn more about data analytics
https://brainly.com/question/29961082
#SPJ11

Answer:

1. 60 Tyres

2. 80 Gas Turbines

Explanation:

Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.

Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.

At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.

If Ford Motor Co and Toyota Motor Co were to merge, the resulting business combination would be referred to as a "merger" or "merger of equals."

A merger is a strategic business combination in which two or more companies merge their operations and assets to form a new entity. It involves the consolidation of companies at a similar level, where neither company acquires the other.

In the case of Ford Motor Co and Toyota Motor Co, if they were to merge, it would be considered a merger of equals as both companies are well-established and significant players in the automotive industry.

This type of merger is characterized by an equal partnership or shared control between the merging companies, rather than one company being acquired by the other.

Learn more about merger here: brainly.com/question/31871125
#SPJ11

Correct reply is Exports tariffs are used via nations when they consider an export's fee is lower than it should be' is a actual statement.

A tariff is a tax imposed via the government of a country or through a supranational union on imports or exports of goods.

Besides being a supply of revenue for the government, import duties can additionally be a form of rules of foreign exchange and coverage that taxes foreign merchandise to inspire or shield home industry.

Governments can also impose tariffs to raise income or guard domestic industries—especially nascent ones—from foreign competition. By making foreign-produced goods more expensive, tariffs can make domestically produced preferences seem greater attractive.

Learn more about  tariffs on exports here:

C. The Executive. Hope that helps...

The Executive is considered the highest level of management. Option C is correct.

Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.

The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.

Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.

Therefore, option A is correct that The Executive is the most senior level of management.

Learn more about the management, refer to:

https://brainly.com/question/29023210

#SPJ2

Answer:

Income streams such as photography and merchandise will be useful for the business is described below in detail.

Explanation:

The practices of photography are broad and therefore the businesses are extensive. the actuality is that if you are to sustain as an expert photographer today, and if you are to have the sources to proceed with what you are really enthusiastic about, then that often includes being open to, and actively evolving, various income streams, not all of which you will be uniformly passionate about.

Answer: Education is needed for jobs. If we dont have education people cant get certain jobs. Without certain jobs the world would fall into a pandemic.

Explanation:

Answer:

Technical education play a vital role to develop the entire nation by improvimg the well beimg of youth and communities.

It increases the productivity. It also helps to accelerate the pace of work and motivate the person towards his/her work.It creayes skilled manpower and improves the quality of life.

Answer:

As previously mentioned,

subsistence markets are

extremely vulnerable to

external influences.

Because of this

vulnerability, these economies are

becoming more scarce around the

world. In the past, for example, large

populations of indigenous peoples lived

throughout North America.

The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).

When the repayment is  overdue, the lender can seize the asset of the borrower and when a  borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

Learn more about a borrower  from

https://brainly.com/question/25599836

Answer:

C. The borrower can ask to be absolved of some of the debt

Explanation:

b) Businesses need government regulations to protect society and consumers by ensuring ethical operations, fair competition, consumer safety, and environmental sustainability.

The main reason businesses need government regulations is to protect the interest of society and consumers. Regulations ensure that businesses operate ethically, responsibly, and in compliance with standards that safeguard public health, safety, and fair competition. Government regulations help prevent fraudulent practices, misleading advertising, and the exploitation of consumers. They set guidelines for product quality, environmental sustainability, and workplace safety, ensuring that businesses prioritize the well-being of individuals and communities. Regulations also promote fair competition by preventing monopolies, price-fixing, and anti-competitive practices that could harm consumers or stifle innovation. By establishing a level playing field, regulations foster trust and confidence in the marketplace. Moreover, regulations play a vital role in sectors such as finance, healthcare, and food safety, where public oversight is crucial to maintain stability, protect vulnerable populations, and prevent systemic risks. Overall, government regulations balance the interests of businesses with the broader welfare of society and consumers.

learn more about consumer safety here:

https://brainly.com/question/2622523

#SPJ11

Answer:

A. Product

B. Price.

C. Place.

D. Promotion.

Explanation:

Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.

Generally, a marketing plan is made up of the four (4) Ps and these includes;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

Answer:

i took the test⬇️

Answer:

a

Explanation:

The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.

Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.

In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.

Learn more about the product life cycle here:

https://brainly.com/question/15177349

#SPJ1

The given statement "Business Ethics is the study of what constitutes fair business practices, which involves the rightness or wrongness of the individuals involved in that practice." is TRUE.

Business Ethics is the study of what constitutes fair business practices, which involves the rightness or wrongness of the individuals involved in that practice.

Business Ethics can be defined as the principles and values that guide behavior in the world of business. It includes the examination of ethical concepts and moral problems that arise in a business environment.

Hence, The given statement "Business Ethics is the study of what constitutes fair business practices, which involves the rightness or wrongness of the individuals involved in that practice." is TRUE.

Read more about Business Practices at https://brainly.com/question/4526984

#SPJ11

Based on the information given, the company that's chosen is Tesla and it's a product-based company.

The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.

The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy

Lastly, the main challenge faced by the company is rising material costs.

Learn more about Tesla on:

https://brainly.com/question/6528766