Another factor that contributed to the demise of the company, founded in 1932, was supply chain and production problems. Intense competition in the beauty products industry owned or endorsed by world-famous celebrities was also cited as another factor that resulted in its bankruptcy.
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Revlon was founded by Joseph Revson and Charles Lachman. It went public in 1996 and acquired by Elizabeth Arden in 2016. Revlon also owns several top brands, including Britney Spears Fragrances and Christina Aguilera Fragrances. (un)