Mukesh Ambani seeks to buy Revlon | Dynamics

New Delhi: Mukesh Ambani’s ‘Reliance Industries’ is considering buying the US-based cosmetics company ‘Revlon’ after it went bankrupt.
Revlon is one of the most popular brands in the cosmetics segment, especially in the lipstick segment.

Following this, Revlon applied for protection under the ‘Chapter 11 Bankruptcy Act’ in the United States.
The company, which is almost 90 years old, saw its sales decline by 21 percent by 2020. In addition, the spread of Corona has hit the company hard.

New Delhi: Mukesh Ambani on Monday sought to acquire US-based cosmetics company Revlon after it went bankrupt.

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