| NEWS | Revlon rises despite bankruptcy: What you need to know | | Last week, the iconic makeup brand Revlon filed for Chapter 11 bankruptcy due to mounting debt, increased competition from celebrity-backed beauty brands, supply-chain issues, and the continuing slow death of the American mall. | | | However, since its bankruptcy filing announcement, Revlon stock has surged. The company’s stock closed at $6.06 a share on Tuesday—that’s a 62% surge in the stock price in just one day. | | | On Wednesday, it was up even higher, flirting with almost $9 a share in midday trading. | | | Investors may be flocking to the stock because they think Revlon will be acquired by another company. Although there has been some rumored interest, no deal has been announced as of yet. | | Check out the latest news stories here. | | | | | Video: fastco exclusives | Jane Goodall thinks comic books will save the Earth | Jane Goodall is known around the world for her groundbreaking discoveries and studies of chimpanzees. For decades, she has inspired young activists through her program Roots & Shoots—but now, in the digital era, she discusses how she is connecting and inspiring new generations through sharing stories in formats they resonate with, such as Webtoon. | | | | | | | | |