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Report: Revlon plans bankruptcy filing

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Cosmetics maker Revlon Inc. is preparing to file for Chapter 11 bankruptcy protection, people familiar with the matter told The Wall Street Journal.

Owned by billionaire Ron Perelman’s MacAndrews & Forbes, the company has been in restructuring talks.

Perelman’s private-equity firm bought Revlon in 1985.

Read more from The Wall Street Journal.

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