Revlon files for bankruptcy in US after supply chain trouble and surging costs

Cosmetics company hopes to refinance and keep trading, saying demand for products remains strong

Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection in the US, weighed down by debt load, disruptions to its supply chain network and surging costs.

The New York-based company said that on court approval, it expects to receive $575m (469m) in financing from its existing lenders, which will allow it to keep its day-to-day operations running.