Revlon Group Holdings LLC

Who owns Revlon now?

A consortium of former lenders including Glendon Capital, King Street Capital, Angelo Gordon, Antara Capital, Nut Tree Capital, Oak Hill Advisors, and Cyrus Capital owns Revlon Group Holdings following the 2023 bankruptcy emergence.

Is Revlon still in business?

Yes. Revlon emerged from Chapter 11 bankruptcy in May 2023 and operates normally under CEO Michelle Peluso, selling products in more than 100 countries.

Is Revlon publicly traded?

No. Revlon was delisted from the NYSE during its 2022 bankruptcy and is now privately held by its former lenders.

What brands does Revlon own?

The portfolio includes Revlon, Almay, Elizabeth Arden, CND, Cutex, Sinful Colors, Mitchum, American Crew, Creme of Nature, and licensed fragrances for Juicy Couture, Lucky, Ed Hardy, John Varvatos, and Champion.

When did Revlon file for bankruptcy?

Revlon filed for Chapter 11 bankruptcy in June 2022 and emerged on May 2, 2023, cutting more than $2.7 billion in debt and transferring ownership to its lenders.

Who is the CEO of Revlon?

Michelle Peluso has been CEO since November 2024. She previously held senior roles at IBM, CVS Health, and Gilt Groupe. Liz Smith serves as executive chair.

Charles Revson, his brother Joseph Revson, and chemist Charles Lachman founded Revlon in New York in 1932, starting with a pigment-based nail enamel superior to the dye-based products of the era. Within six years it was a multimillion-dollar business, and through the postwar decades Revlon became the dominant American cosmetics house, launching the Fire and Ice campaign in 1952 and Charlie fragrance in 1973 while building the famous model contracts that defined beauty advertising.

Ronald Perelman's MacAndrews and Forbes acquired Revlon in a 1985 hostile takeover valued near $1.8 billion, one of the era's signature leveraged buyouts. The deal loaded the company with acquisition debt that never really left. Revlon went public again in 1996 with Perelman retaining control, and kept acquiring through the decades, including the 2016 purchase of Elizabeth Arden for roughly $870 million.

The leveraged structure worked while the business grew but became fatal when it stalled. Years of underinvestment in R&D and marketing left brands vulnerable, and pandemic-era supply chain failures emptied shelves while competitors restocked. The debt load, roughly $3.5 billion by 2022, made timely vendor payments impossible.

Revlon filed for Chapter 11 in June 2022 and emerged eleven months later as a private company owned by lenders including Glendon Capital, King Street Capital, Angelo Gordon, Antara Capital, Nut Tree Capital, Oak Hill Advisors, and Cyrus Capital. The restructuring cut $2.7 billion in debt to roughly $1.5 billion and installed a new board.

Debra Perelman departed as CEO, interim CEO Liz Smith guided stabilization, and Michelle Peluso took the permanent role in November 2024. The Peluso era has produced renewed marketing investment, a 2025 fragrance partnership with Authentic Brands Group for a 2027 Champion launch, and a stated strategy of focused brand-by-brand rebuilding with Almay designated for 2026 growth investment.

The company publishes corporate responsibility information covering its products and operations but at a scale below the major public beauty companies. It is not B Corp certified.

On cruelty-free status, its brands are not certified by Leaping Bunny or PETA, and products are sold in markets including mainland China where animal testing has historically been required by law. This places the portfolio on advocacy groups' animal-testing lists.

Packaging and sourcing commitments include recyclable material adoption and responsible ingredient programs consistent with mass beauty industry norms, without the headline targets produced by larger competitors.

Chapter 11 Bankruptcy: The June 2022 filing, driven by $3.5 billion in debt and supply chain collapse, wiped out public shareholders and ended the Perelman family's nearly four decades of control. It was one of the largest beauty industry bankruptcies on record.

Talc litigation: The company has faced lawsuits alleging talc-containing products caused cancer, and a 2020 Reuters investigation documented its talc sourcing from suppliers implicated in the Johnson and Johnson asbestos litigation. The company has denied its products are unsafe and removed talc from some formulations.

Supply chain failure: The vendor payment crisis that preceded bankruptcy was a documented business failure, with empty shelves costing retail relationships that remain in recovery.