Publications
Publications
- March 2021 (Revised January 2022)
- HBS Case Collection
Revlon: Surviving Covid-19
By: Kristin Mugford and Sarah Gulick
Abstract
In October 2020, Revlon faced a crossroads. While it had been struggling with high levels of debt before COVID-19, the pandemic had caused it to go further into debt. Unlike other financial crises, many consumers had stopped buying skincare or cosmetics, and sales of Revlon products had fallen. Now, a series of bonds maturing in February 2021 loomed, and Revlon faced a series of options on how to renegotiate its debts with its creditors.
Keywords
COVID-19 Pandemic; Leveraged Buyouts; Insolvency and Bankruptcy; Financial Liquidity; Bonds; Corporate Finance; Borrowing and Debt; Beauty and Cosmetics Industry; Financial Services Industry; United States
Citation
Mugford, Kristin, and Sarah Gulick. "Revlon: Surviving Covid-19." Harvard Business School Case 221-084, March 2021. (Revised January 2022.)