Revlon Australia and New Zealand has responded to the news of the company's Chapter 11 reorganisation in the U.S.
In a statement issued Friday June 17, the company confirmed that Revlon continues to thrive in Australia and New Zealand, and is unaffected by the Chapter 11 bankruptcy protection claims, of which news broke last week.
"Despite news that Revlon has voluntarily filed for Chapter 11 reorganisation in New York, this financial restructure does not apply to either the Australian or New Zealand business entities, with little to no impact anticipated to daily operations."
"Importantly, the global company will be receiving $575 million of new financing enable the brand to emerge stronger as a business and focus on future growth and innovation," the statement continued.
Revlon managing director Australia and New Zealand, Tracey Raso commented that consumer demand in Australia remains high.
"Since 1932, Revlon has been an icon of the beauty industry, constantly evolving and adapting throughout its 90-year history," she said.
"Consumer demand for our products locally remains strong – people love our brands, and we continue to have a leading market position in Australia and New Zealand."
"This filing in the US will allow Revlon to continue to offer our consumers the iconic products we have delivered for decades," Raso said.
In 2021, Revlon Australia announced Delta Goodrem as its first ever local brand ambassador, driving the local relevance and entering the brand into a new and exciting chapter.
You can find the Revlon product range and download hi-res images, here.
