A Public Safety officer keeps watch as people stand in front of a billboard owned by Revlon that takes their pictures and displays them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS/Carlo AllegriJune 16(Reuters) - Revlon Inc (REV.N) filed for Chapter 11 bankruptcy protection late on Wednesday as the debt-laden cosmetics company struggled to take on rising competition from celebrity-backed startups in recent years. read moreRevlon, which was founded in 1932 as a nail paint maker, is controlled by billionaire Ron Perelman's MacAndrews & Forbes and counts celebrities Gal Gadot and Megan Thee Stallion among its brand ambassadors. Here's a timeline of Revlon's journey from a cosmetics giant to a debt-ridden firm:Register now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Source: Wall Street Journal June 16, 2022 11:38 UTC