Revlon: makeup icon falls to social media rivals
The US cosmetics firm has filed for bankruptcy, unable to keep up with online competition and celebrity-led brands

Revlon: makeup icon falls to social media rivals

The US cosmetics firm has filed for bankruptcy, unable to keep up with online competition and celebrity-led brands

By Cecilia Matanatabu
Tuesday 21/06/2022
[Image: a beauty edit]

Revlon has filed for bankruptcy protection in the US, a legal process that enables the ailing company to continue trading while it figures out how to repay its substantial debts.

It is a fall from grace for the 90-year-old beauty icon, which invented matching lipstick and nail polish, and set the pace in beauty halls during much of the 20th century.

Revlon was second only to Avon in sales, but in a sign of its ailing fortunes, the company has now fallen outside the top 20, according to a recent industry poll, as sales shift from beauty halls to the web, and celebrity brands such as Kylie Jenner-backed Kylie Cosmetics – with its near-26 million Instagram followers – and Rihanna’s Fenty Beauty are hailed as the new taste-makers.

The category director of beauty and personal care research at Mintel Samantha Dover says Revlon's financial crisis is not is not entirely surprising, as colour cosmetics have been quite slow pre and post COVID-19 pandmic.

Due to the pandemic, women have become accustomed to using and buying makeup less frequently, with cosmetics sales in the UK still below pre-pandemic levels, according to Mintel.


In the year to April 2020, 44% of women bought a lipstick for themselves, but in 2021 that figure dropped to 30%.

It is back up at about 33% today, but Dover says this shows “how demand has dropped and not really come back yet”.

The shift to home working and mandatory masks encouraged many women to neglect or ditch their makeup bag altogether, while the closure of department store beauty halls sent shoppers to the internet, a habit that has stuck.

Founded in 1933, Revlon is one of the industry’s most famous names. It was started by Charles Revson, his brother Joseph and a chemist, Charles Lachman, who contributed the L in the name. During the Great Depression of the 1930s, they started with a single product, a nail polish. Using a blended pigment formula, it was the first red nail varnish at a time when the only shades available were pale and sheer.

[Source: theguardian]

Some drug users are raping their mothers and sisters – ACP Ganivatu
Serious concerns continue to be raised on the impact drug use has on the lives of youths in the country, with some committing heinous crimes such as r...
5 hours ago
There has been no theft of 1 tonne of meth, drugs are kept under tight security - Acting COMPOL
Police have rejected claims in New Zealand's 1News report that about a tonne of methamphetamine seized in Nadi earlier this year, is missing. When ...
4 hours ago

Chaudhry attacks PM after PM says Chaudhry a selfish and weak-hearted leader
Following Prime Minister Sitiveni Rabuka's reference to former Prime Minister and Fiji Labour Party leader Mahendra Chaudhry as a selfish and ...
4 hours ago

Dialogue underway to ban Pseudoephedrine in the country
Minister of Health Doctor Atonio Lalabalavu is currently having dialogue with various Ministries and stakeholders regarding the ban of ...
5 hours ago

Government Financial Management Information System to go online from 1st August – Prof. Prasad
The Government's Financial Management Information System is scheduled to go online from 1st August 2024. This has been revealed by the Deputy ...
9 hours ago

Athletics Fiji mourns the loss of President Vuli Waqa
The President at Athletics Fiji and Secretary at Fiji Secondary Schools' Athletics Association Filimoni Vuli Waqa, affectionately known as Vuli Waqa, ...
10 hours ago

fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Ministry of Home Affairs Talanoa Session on Illicit Drugs and Substance Use Disorders in Fiji
The pervasive threat of illicit drugs has emerged as a pressing concern, rapidly infiltrating and destabilizing our society therefore the Republic of ...
6 days ago

Bainimarama and Qiliho hearing in dismissal of 2 police officers case
Acting Director of Public Prosecutions John Rabuku says he wants the hearing of former Prime Minister Voreqe Bainimarama and suspended Police ...
6 days ago

Sayed-Khaiyum case on alleged payment of Saneem's taxes without proper approval
It is alleged that between the 30th of June, 2022 and the 12th of July, 2022 in Suva, whilst being employed in the civil service as the Acting Prime ...
6 days ago