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]

Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Womens Rugby World Cup 2022
Quarter-final qualification is now the goal for the Rooster Chicken Fijiana 15’s following their 21-17 victory against South Africa.
103 days ago

Queen Elizabeth II passes away
Queen Elizabeth II, the UK's longest-serving monarch, has died aged 96, after reigning for 70 years.
133 days ago

Fiji wins Melrose Cup after 17 years
Fiji wins the RWC 7s title after 17 year drought
135 days ago
Riyaz Sayed-Khaiyum received $304,453.08 during COVID year – Amrit
Fijian Broadcasting Corporation Board Chairman, Ajay Bhai Amrit has today revealed that sacked CEO of FBC Riyaz Sayed-Khaiyum received $304,453.08 dur...
4 hours ago
Police seek help in identifying man whose body was found near the Vatuwaqa Bridge
Police are seeking assistance in identifying a man whose body was found near the Vatuwaqa Bridge this morning. Police are still at the ...
2 hours ago

Two men in custody for alleged burglary case in Lautoka
Quick response by the K9 Unit in Vitogo resulted in the arrest of two men involved in an alleged burglary case in Matawalu, Lautoka. The report ...
3 hours ago

Aiyaz Sayed-Khaiyum should consider himself as part of a bad history for the Fijian economy – Prof.Prasad
Deputy Prime Minister and Minister for Finance, Professor Biman Prasad says he is getting on with the job of fixing the economic mess that former ...
3 hours ago

Arts Village swimming hotspot re-opened
One of the swimming hotspots, the Tiki Pool and Bar at the Arts Village in Pacific Harbour is now re-opened for families and friends after a lapse of ...
3 hours ago

Health Ministry welcomes any help with open arms - Dr Lalabalavu
It has been a while since any Board of Visitors has had an audience with the Health Minister, especially in the headquarters and entertain the board ...
4 hours ago