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…

Files: JK Files submits IPO documents to SEBI to raise Rs 500-600 cr

[ad_1] Mumbai: JK Files and Engineering, a part of Raymond GroupThe company is eyeing a turnover of ₹ 1,500 crore over the next few years on expectations of strong demand for precision automotive components. After registering a growth of over 50% with a turnover of ₹812 crore in FY22, the auto-parts arm now accounts for almost one-eighth of the consolidated revenue in the group. It was a second year of strong double-digit growth, something the company believes will endure. ET learns that the company will invest around Rs 150 crore…