A widespread dilemma has found American-made cosmetics companyRevlonin turmoil.
Reutersrecorded a record-breaking drop as Revlon’s stock plummeted by 46 percent on Friday, June 10.
The company’s stock now stands at $1.17 per share.
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Revlon’s potential bankruptcy is also partially brought on by more than 3 billion dollars of long-term debt.
Allurereached out to representatives at Revlon, who declined to comment at this time.
