1985 MacAndrews & Forbes acquires Revlon in ahostile takeover for about $1.8 billion. (https://reut.rs/3HrdHSZ)March 2020 Revlon says it would cut 1,000 positionsin a bid to improve profitability. (https://on.wsj.com/3zBPV4D)Aug. 17, 2020 Citigroup sues Revlon lender BrigadeCapital Management, asking the hedgefund to return its portion of the $900million payment. (https://reut.rs/3tyOvV4)Nov. 2020 Revlon avoids bankruptcy after gettingbondholder support. (https://reut.rs/3zzna8M)Dec. 2020 Citigroup heads to trial to recoup ahalf-billion dollars it claimed werestill due after the $900 million Revlonsnafu.

Source: Wall Street Journal June 16, 2022 17:10 UTC