Revlon Inc.: Revlon files for bankruptcy facing high debt, supply chain pain

[ad_1] Revlon Inc. filed for Chapter 11 Unable to manage its huge debt load amid bankruptcy, supply chain crisis and high inflation. The billionaire-owned cosmetics giant Ron Perelman sought court protection in the southern district of New York, and listed both assets and liabilities up to $10 billion, according to court papers. Chapter 11 filings allow a company to continue operating while it works on a plan to repay creditors. Bankruptcy is a difficult period for the company, which was suffering during the pandemic and faced years of declining sales…

Delhi: Two arrested for trying to snatch chain of elderly woman

[ad_1] A day after a senior citizen couple sustained minor injuries in an attempted chain snatching incident in outer Delhi’s Mianwali Nagar on Thursday evening, the Delhi Police managed to arrest both the accused on Friday night. Subscribe Now: Get Express Premium to Access the Best Election Reporting and Analytics According to police, the incident took place when retired doctor Dr Anil Bansal, 67, and his wife, writer Santosh Bansal, 62, resident of Paschim Vihar West area, were out for a walk. ‚ÄúParkinsons patient Dr Bansal said that while he…