A widespread dilemma has found American-made cosmetics company Revlon in turmoil. Multiple reports say that the brand is set to file for chapter 11 bankruptcy due to a lengthy decline of sales, unfulfilled supply chain demands, and more than 3 billion dollars of long-term debt. It has now become a near reality for the company, which houses several other famed beauty brands, including Almay, Elizabeth Arden New York, Mitchum, and CND.
Read Allure writer Chelsea Avila's guide to exactly what we know (so far) about Revlon's reported plans.