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THE WHAT? Revlon is claimed to be inviting events to submit bids for its belongings, in line with a report printed by Bloomberg.
THE DETAILS The US magnificence large, which filed for Chapter 11 chapter earlier this yr, is vetting potential bidders and asking them to signal non-disclosure agreements, stated Bloomberg quoting the agency’s lawyer.
THE WHY? The phrases of Revlon’s chapter mortgage set strict deadlines by which the corporate should ship worth for its collectors. US Chapter Decide David S Jones stated at a current listening to, per Bloomberg, “Deadlines breed creativity and options. They’re what they’re and I hope to see creativity and options.”
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