Revlon Files for Bankruptcy

The cosmetics giant is attempting to get out from under its heavy debt load amid soaring prices and a snarled supply chain.

Revlon has filed for bankruptcy protection as the cosmetic giant attempts to get out from under its heavy debt load amid soaring prices and supply chain disruptions.

The company said in a news release that it expects $575 million in financing if the plan wins court approval. The additional funds will support the company’s daily operations. Under the Chapter 11 filing, the company is able to continue operating while reorganizing its outstanding debt.

The 90-year-old multinational is known for an array of cosmetics and skin-care brands, including drugstore favorite Almay and premium label Elizabeth Arden, which Revlon acquired in 2016 after selling more than $2 billion of loans and bonds. It is controlled by billionaire Ronald Perelman’s MacAndrews & Forbes.

Before the coronavirus crisis, Revlon faced growing competition from start-ups backed by celebrities including Kylie Jenner’s Kylie Cosmetics and Rihanna’s Fenty Beauty, which siphoned many of its younger consumers through its social media marketing.

But the pandemic only exacerbated those problems as sales of lipsticks — Revlon’s iconic product — curtailed when people masked up. Worldwide net sales fell 20 percent, from $2.4 billion in 2019 to $1.9 billion a year later. In March 2020, Revlon cut 1,000 positions to improve profitability. In November of the same year, Revlon avoided a bankruptcy filing after receiving enough bondholder support.

Debra Perelman, Revlon’s chief executive and daughter of Ronald Perelman, said the company’s “challenging capital structure” has limited its ability to meet consumer demand while navigating “macroeconomic issues.”

By addressing these complex legacy debt constraints, we expect to be able to simplify our capital structure and significantly reduce our debt, enabling us to unlock the full potential of our globally recognized brands,” Perelman said.

Revlon estimated liabilities of between $1 billion to $10 billion in a court filing. In its most recent earnings report, the company reported $3.3 billion in long-term debt.

Revlon said it’s unable to keep a regular supply of raw materials, putting production at risk, according to the court filing. Nearly one-third of customer demand cannot be timely fulfilled due to the lack of raw materials, it added.

While Perelman said during the March earnings call that the supply chain head winds are “temporary” and that Revlon had sourced additional vendors for key materials, the war in Ukraine and the covid lockdown in China presented new challenges to the global supply chain. Shipping from China to the United States doubled in time and quadrupled in cost compared with 2019, the company said.

Experts said Revlon could take advantage of Chapter 11 provisions to reorganize its portfolio of brands, where some older ones showed unsatisfying performance and lost customers. “If executed effectively, Revlon could emerge from bankruptcy with a cleaner balance sheet and a better operating profile, improving longer term business prospects,” David Silverman, retail senior director at Fitch Ratings, told RetailDive in email comments.

Corporate bankruptcy filings have reached the lowest levels in early 2022, according to S&P Market Intelligence data, which excludes the smallest business filings. As of the end of May, 143 bankruptcies have been filed this year, compared with 203 in 2021 and 263 in 2020 during the same period. Among the 143 bankruptcies, only three are retail filings.

However, Revlon’s filing — the first from a major consumer-facing business in years — could signal a downturn in the consumer discretionary sector, which encompasses largely companies selling nonessential products and are sensitive to the business cycle.

In May, inflation reached 8.6 percent over the last year, which led to financial pressure felt by many households. According to Census Bureau data, retail sales are down 0.3 percent from the previous month in May, as consumers shift to cheaper alternatives amid rising prices.

WASHINGTON POST

“The Evolution of Too Faced” – YouTube Collaboration of Smokey Glow & Elle S.

I’ve been subscribed to both of these incredible commentary channels on YouTube for years, and their latest collaboration has left me extremely impressed. Not that they need a pat on the back for such thorough research, nevertheless, I’m giving them one!

“The Evolution of Too Faced” is a two-part collaboration, in which Elle S. covers the brand’s history from the beginning and into the 2010s, after which Hannah from Smokey Glow takes over to cover 2010s until now.

Welcome to Artist Spotlight #36 series on my blog.

Please enjoy their videos here:

Elle S. Video

Smokey Glow Video

Dominique Cosmetics – YouTube Sweetheart Turned CEO

YouTube sweetheart turned CEO! Welcome to Artist Spotlight #18 series on my blog.

A note from the co-founder, Christen Dominique:

I have always loved helping people look and feel beautiful. 

The first time I experienced the transformative power of makeup was after applying my mom’s yellow corrector to cover up my dark circles, my biggest insecurity, at age 14. When I saw them disappear, it felt like I was seeing the real me for the first time, and I could finally be comfortable in my own skin.

With my insecurity behind me, I wasn’t afraid of speaking up, putting myself out there, and making new friends. Soon, the instant confidence boost didn’t just change how I saw myself. Other people noticed too.

As I experimented and played around with makeup, girls at school started asking me for help with theirs. I became known as the locker room makeup artist and would often have a long line of classmates waiting to get made over. Seeing how happy and beautiful they felt—that feeling that I still can’t even put into words—after I did their makeup was the best feeling ever. And so my love of artistry was born.

The artistry continued after high school, doing freelance makeup for weddings, photo shoots, quinceañeras, and many other local events. I learned from YouTube and made a few of my own videos here and there too. But as the years passed, real life kicked in. I was in school full time, working at an insurance company, a young mom to my amazing son, married, had a house to take care of, basically a lot going on. As many working moms have experienced, I felt like I was pulled in a million different directions, never able to give one area the time, attention, or love that they deserved. So I told my clients that I had made a heartbreaking decision: I had to let makeup go.

They were sad for me, knowing how much I loved artistry, and suggested that I create some new YouTube videos. That way I could stay connected to them, teach them makeup techniques, and still have makeup be a part of my life.

So I did. And I started to love creating content, this whole new outlet for expressing my creativity. After about a year of consistently filming tutorials, people started to pay attention. Then, I got an opportunity to move to LA and create YouTube videos full time. Thanks to the support of my husband, I took a risk and moved my family from Texas to Los Angeles. That’s when my life really changed.

Once I got to LA, where I had access to studios, lighting, and owned being myself on camera, my videos really took off. I felt lucky to be able to impact others lives, helping them tap into their inner beauty, while sharing techniques that made them feel beautiful on the outside too.

After years of filming beauty content, I felt empowered to take my journey one step further. I wanted to create a brand that put the transformative power of makeup in your hands. I thought back to my freelance days, remembering the need for products that could be multi-purposed. I factored in the most helpful pan sizes, the shades and formulas that were missing from the current market, and even the packaging was designed to bring an experience to life, and make you feel something. I wanted you to have access to the most prestige, innovative products without breaking the bank. With lots of time, research, and even more love, Dominique Cosmetics was born.

If you’d have told me in high school that I’d one day be the CEO and Creative Director of my own makeup brand, Dominique Cosmetics, I’d probably have thought you were crazy. This is truly mine and my family’s dream come true—our co-founder and president is actually my husband. (Love you, Cesar!) We hope that these products can do for you what that yellow concealer did for me years ago: Allow the real you to step into the spotlight, empowering you to feel beautiful inside and out.

XOXO
Christen Dominique

The brand is carried by mostly eyeshadow palettes:

And lately, branching out into face, eyes, and lip products:

It’s safe to say that this is one of the few “influencer makeup brands” that has consistently great products, stays on top of trends, out of drama, and is highly respected.

Dominique Cosmetics website
Dominique Cosmetics Instagram
Dominique Cosmetics at Sephora

Christen Dominique on Instagram
Christen Dominique on YouTube
Christen Dominique on Twitter

Lisa Eldridge – You Can Do It All

I have been personally inspired by Lisa Eldridge throughout my career as a makeup artist. I have used her as inspiration for my own looks as well as my clients’. From her skincare advice, successful makeup line and YouTube channel, to work with some of the most well-known celebrities and models – she’s one of the best artists who isn’t afraid to try new techniques and styles. Welcome to Artist Spotlight #9 series on my blog.

Lisa Eldridge is an English-New Zealand makeup artist, businesswoman, author, and YouTuber. She had her first big break when she was booked by ELLE magazine to work with model Cindy Crawford. From 2003 to 2013, Eldridge was Creative Director for Boots No7, where she was responsible for developing, re-designing and re-launching the brand. Eldridge, since 6 January 2015, is currently the global creative director of Lancôme, working across product development, advertising campaigns and digital strategy. In October 2015, Eldridge published the book Face Paint: The Story of Makeup.

Following a move to London, Eldridge took a course in photographic makeup artistry at Complexions, began building her portfolio and eventually signing with a makeup agency. She had her first big break when she was booked by aforementioned ELLE magazine to work with Cindy Crawford. Crawford and Eldridge subsequently worked together on several more shoots. She has been based in Paris, New York and Los Angeles, and now lives in London. Her work has appeared on the pages of British, Italian, French, Chinese and Japanese Vogue, Love, Allure, Glamour, Elle, Numéro, Harper’s Bazaar, Pop, and Lula for covers, fashion, beauty and celebrity shoots.

Eldridge has worked with the photographers Tim Walker, Mert and Marcus, Regan Cameron, Sølve Sundsbø, Rankin, Paolo Roversi, David Sims, Mario Testino, and Patrick Demarchelier. Aside from her editorial assignments, Eldridge collaborates with fashion houses and beauty brands on their international advertising campaigns and runway shows. These include Lancôme, Chloe, Alberta Ferretti, Prada, Donna Karan, Moschino, Yohji Yamamoto, and Pucci. Eldridge was named by The Business of Fashion as one of the people ‘Shaping The Global Fashion Industry’ in their Fashion 500 list for 2013.

Lisa Eldridge has a successful YouTube channel, on which she creates various makeup looks on herself and other models, shares tips and tricks, discusses skincare, and visits past decades of makeup history to recreate the looks of the times. When I attended makeup academy, I was often referred to her videos by instructors, to recreate her looks or take in her knowledge. Ever since then I’ve been a huge supporter of hers!

In February 2010, Eldridge launched her website, which has become one of the go-to sites for make-up tutorials, beauty advice and insider knowledge.

Lisa Eldridge wrote her first New York Times bestseller Face Paint, which she describes as “all about the history of makeup – something I’ve always wanted to write. It’s a hardback book (8 x 10 inches), with 60,000 words – full of fascinating, surprising and at times unbelievable stories of how and why the items in your makeup bag got to be there. I also spent a long time sourcing the right images – beautiful paintings, illustrations and iconic photography – to tell the story.”

Lisa’s blog
Lisa’s book
Lisa’s YouTube channel
Lisa’s Instagram page

Scott Barnes – the Secret of Hollywood Faces

OVERVIEW

With over 260 music videos, over 450 magazine covers, author of two iconic industry changing books (About Face, Face to Face), Hollywood’s top celebrities, five movies, Oscar consideration (El Cantante), creator of the international sensation Body Bling, shoots with the world’s top photographers (Annie Leibovits, Ruven Afanador, Patrick Demarchilier, Francesco Scavullo, Gilles Bensimon, Tony Duran, Peter Lindbergh, John Russo), world famous editorials, Scott has established himself as the preeminent celebrity makeup artist in the world. Welcome to Artist Spotlight #8 series on my blog.

NOTABLE CELEBRITY CLIENTS:

Jennifer Lopez, Beyoncé, Gwen Stefani, Céline Dion, Christina Aguilera, Gwyneth Paltrow, Vanessa Williams, Jennifer Love Hewitt, Kelly Rowland, Malin Åkerman, Mariska Hargitay, Hilary Duff, Kesha, Kim Kardashian, Cindy Crawford, Brooke Shields, Courtney Love, Michael Kors, Paris Hilton, Lizzo, Catherine Zeta-Jones, Leah Remini, January Jones, Raquel Welch, Adrienne, Bailon, Gabourey Sidibe, Uma Thurman, Jane Fonda, Nicole Richie, Kimora Lee Simmons, Julianne Moore, Mary J. Blige, Lucy Liu, Shakira, Nina Agdal, Anna Nicole Smith, Penelope Cruz, Pia Mia, Sheryl Crowe, Donatella Versace, Carrie Underwood, Mandy Moore, Becki Newton, Erika Jayne, Bar Refaeli, Renee Fleming, Kristin Cavallari, Naya Rivera, Emily Sears, Bebe Neworth, Brandy, Kate Hudson.

NOTABLE MAGAZINE COVERS:

GQ, Vogue, Rollingstone, Time, Harper’s Bazaar, Vanity Fair, Elle, Billboard, Allure, Cosmo, Vibe, InStyle, Emmy, Xiox, Latina, Icon, Essence, Nylon, Redbook, Marie Claire.

NOTABLE PUBLICATIONS:

People, Popsugar, E Now, US Weekly, Entertainment Weekly, The New York Times, Los Angeles Times, Glam, Who What Wear, Refinery 29, The Hollywood Reporter, Galmour, MSN, Shape, Hollywood Life, Women’s Health.

HISTORY:

Scott arrived in New York City in 1984 determined to fulfill his dream as a fine-arts painter. After attending New York’s prestigious Parsons School of Design, Scott began assisting on fashion photography shoots and quickly became one of the most sought after makeup artists in the industry.

International beauty guru Shu Uemura selected Scott to revamp his Atelier Made line, which became a huge success at Shu Uemura. Scott launched his own twenty-one-piece color cosmetic line, Scott Barnes Cosmetics, on QVC in April 2004. Five months later, Scott introduced 130 products at Holt Renfrew, in Canada; Saks Fifth Avenue, in the U.S., and other high-end specialty boutiques. A year later, the collection launched in Europe and Australia and became an overnight success, for which Women’s Wear Daily named Scott the “Newcomer of the Year”. He was also a finalist for the Fashion Group International’s “Rising Star” award.

Scott Barnes has worked with world-renowned photographers with his work gracing the covers of the world’s leading magazines Scott has also appeared on top national and regional television programs, such as The Oprah Winfrey Show, Extra, Access Hollywood, and Good Day L.A.

Although Scott has worked with a variety of Hollywood talent over the years, including Kate Hudson, Beyonce, Gwyneth Paltrow, and Celine Dion, it’s his work with Jennifer Lopez that birthed the new monochromatic look featuring bronzed skin and pale lips. Described as “The Glow” this signature look became known as “lit from within” and helped launch Scott’s best-selling beauty product, Body Bling bronzer.

In addition to numerous ad campaigns and music videos, Scott’s work on set includes such films as El Cantante, which earned him Oscar consideration. Scott was also responsible for Jennifer Lopez’s memorable Cinderella moments in Maid in Manhattan. Scott continues to shine on the big screen following Jennifer into Second Act, as well as her latest feature film Hustlers.

Scott Barnes Makeup Line

Rimmel London #BossBabe

Rimmel London Power Palette in #BossBabe – I like the simple design and the lightweight packaging. The eyeshadows are pigmented, blendable, and crease-proof all day; the lip & cheek gloss doesn’t disrupt the makeup underneath; the highlighter is subtle yet gives a natural glow and complements the eyeshadow tones very well.

Rimmel London Wonder’Ink Eyeliner – the formula of this felt-tip liner is extremely black, dries very quickly preventing smudging and is easy to work with.

Definitely recommend to check out this collection when it hits the shelves!

For more eyeshadow palette shades in this line, visit their website.
For the eyeliner, visit their website.

Wet’n’Wild x Bretman Rock

Eyeshadow Palette – This bold palette consists of 15 vibrant shades with a mix of bold and neutral colors with satin, matte, metallic and shimmer finishes. All vibrant mattes are paired with shimmer, metallic finishes that allow you to create unlimited “roaring” eye looks. The powerfully pigmented, buttery-soft shades glide on easily and blend seamlessly. The smooth formula provides optimum texture and smudge-proof all-day wear. Each shade can be used either wet or dry, to deliver a bold, captivating look.

Setting Spray – The 3-in-1 face mist preps, hydrates and sets the makeup. This multi-use mist is lightweight enough to be used throughout the day to refresh your makeup while continuing to deliver hydration to the skin. Sprayed on bare skin, it provides a natural, dewy finish. Enriched with an exclusive fruit blend of Coconut Papaya, Dragon Fruit and Kakadu Plum Extract, it provides Vitamins E & C and anti-oxidant properties as well as a powerful boost of hydration. The fine mist application delivers a unique blend of illuminating, light-reflecting properties that creates a soft, dewy glow leaving the scent of fresh tropical flowers.

Check out Bretman Rock on YouTube and Instagram!

Get the collection on their official website or at select drugstores near you.

Catrice x Eman

Blush Palette – 4 universal blush shades to work on all skin tones. The buildable powder formula feels soft and buttery. Creates a flirty flush with 3 mattes and 1 pearl finish.

Highlighter Palette – 4 shades that range from light to dark to cover all skin tones. Formulated with a creamy-soft powder texture for easy blending to create an instant glow that lasts for hours.

Eyeshadow Palette – 9 long lasting, highly pigmented neutral shades to fit all skin tones. The rich powder formula blends easily and doesn’t crease. Creates natural to dramatic looks with matte to pearl finishes.

Purchase the collection on their official website or at your local retailers that carry Catrice Cosmetics.

Have you tried anything from this collection? Are you planning on picking anything up? Let me know in the comments below!

The Mother – Pat McGrath

The queen of American fashion, Vogue’s Anna Wintour, proclaimed her “the most influential makeup artist in the world.” Britain’s Queen Elizabeth II made her a Member of the Order of the British Empire for services to the fashion and beauty industry. It’s undeniable: Pat McGrath is the most influential and sought-after makeup artist in the world.

For more than two decades, Pat McGrath has been concepting, launching and developing luxury cosmetic brands, countless runway shows, breakthrough advertising campaigns and editorial spreads. Welcome to Artist Spotlight #5 series on my blog.

Her ascent to the pinnacle of fashion began in the 1990s with an introduction to legendary lensman Steven Meisel by supermodel Amber Valleta. Fast friends and symbiotic collaborators, they’ve created every cover and lead editorial story for every issue of Vogue Italia, indisputably iconic images for leading global publications and countless brand-defining campaigns.

Each season, Pat McGrath conceptualizes and creates beauty looks for more than 60 ready-to-wear and couture shows in Milan, Paris, London and New York for a luminous roster of the world’s most prestigious brands and visionary designers: Prada, Miu Miu, Dolce & Gabbana, Givenchy, Gucci, Lanvin, Louis Vuitton, Versace, Maison Margiela, Yohji Yamamoto, Valentino, Bottega Veneta, Balenciaga, Nina Ricci, Calvin Klein, Loewe, and Alexander McQueen, to name a select few.

With her incomparable mastery and iconoclastic vision, Pat McGrath has transformed the beauty industry. Name any trend of the past two decades, and you’ll find her at its origin, from 1990s dewy skin to no-retouching-necessary foundation specifically designed for this decade’s selfies.

When Giorgio Armani hired her to develop and launch a line of cosmetics in 1999, the minimalist maestro said, “I was struck by the way she interpreted colour and by her ideas about beauty and femininity.”

Engaged as Global Beauty Creative Design Director by Procter & Gamble in 2004, Pat McGrath oversees Covergirl, Max Factor and created Dolce & Gabbana: The Makeup. Recently, she also designed and launched Gucci’s debut cosmetic collection. “She is a terrific business partner. Our success is her success, and vice versa,” says Esi Eggleston Bracey, Vice President and General Manager of Procter & Gamble Cosmetics.

A true creator and innovator at the forefront of the multi-billion dollar global beauty industry with an ever-expanding reach on social media, her recent blockbuster success with PAT McGRATH LABS further proves that she’s poised to elevate beauty to even headier altitudes.

Currently, there are 37 products on Sephora.com listed for PAT McGRATH LABS brand, even more can be found on their official website. Surely, the prices are extremely high, unreachable for some. But from the color stories, to packaging, to longevity, to formulas … there’s very few people in the world who ever declutter this brand’s products out of their collection due to dissatisfaction.

With a creative vision that’s made her a tour de force that touches everything from couture to club kids and street culture; her influence is everywhere, from screen to stage to digital: it’s undeniable, Pat McGrath knows no boundaries.

References:
Sephora.com
Pat McGrath Labs website
Allure article
Vogue article

Brands That Aren’t Cruelty Free Anymore And Vice Versa

Brands That Are Now Cruelty-Free

– Covergirl – announced on November 5, 2018, that they changed parent companies and pulled their stock from selling in China (read more here)

– Stila – since 2017 (read more here)

– Charlotte Tilbury (update) – there was some confusion regarding the stand of the brand, as they were selling in China where customers can touch the products but order online only, which would make the brand cruelty-free by Logical Harmony standards; they have stopped doing this completely

– Smashbox – pulled their stock from China over the past couple of years (read more here)

* Fenty Beauty – the brand sells in areas of China where animal testing is not required, however, some people still will not consider the brand to be cruelty-free due to this ambiguous practice (read more here)

Brands That Aren’t Cruelty-Free Anymore

– NARS – started selling in China to increase their consumer market a couple of years ago (read more here)

– Wet’n’Wild – in 2019 they were caught in odd practices: some of their products are manufactured in China (which doesn’t require pre-market testing) but they can be tested at any time post-market (read more here)

– Physicians Formula – owned by the same company as Wet’n’Wild, and exhibit the same procedure as that brand (read more here)

Here is my original post from several weeks ago about cruelty-free brands:

Video referenced
Logical Harmony
Cruelty-Free Kitty
Harper’s Bazaar

Do you know of any other brands that changed their cruelty-free status?
Do you shop only cruelty-free brands or any brand?
Let me know in the comments below!