{"id":49306,"date":"2022-06-20T21:22:00","date_gmt":"2022-06-20T15:52:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=49306"},"modified":"2022-06-20T21:20:20","modified_gmt":"2022-06-20T15:50:20","slug":"this-us-stock-jumps-91-in-a-day-after-reliance-considers-buying-out-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/this-us-stock-jumps-91-in-a-day-after-reliance-considers-buying-out-the-company\/","title":{"rendered":"This US Stock Jumps 91% in a day after Reliance considers buying out the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2111921883\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Cosmetics giant, Revlon Inc, had filed for bankruptcy protection, weighed down by supply chain disruptions, rising inflation, and debt obligations. Its shares had plunged more than 82% since January, however, they soared 91.28% on June 17th, 2022 after Reliance Industries considered buying out the company.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2127344572\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Mukesh Ambani-led Indian oil-to-retail conglomerate is now mulling bidding for the cosmetics maker that has been a mainstay on store shelves since its founding 90 years ago in New York City. Revlon failed to keep pace with the changing tastes of consumers, in addition to losing market share to big rivals like Procter &amp; Gamble, and cosmetic lines from Kylie Jenner and other celebrities. Reliance has pushed its way into the fashion and personal care space in recent months.<\/p><p>Revlon reported long-term liabilities of&nbsp; $ 3.3 billion in the first quarter. it expects to receive $575 million in financing from its lenders if its bankruptcy is approved in court. Further, it reported a net loss of $67 million from January to March.<\/p><p>Revlon is owned by Ronald Perelman and run by his daughter, Debra Perelman. It lists Elizabeth Arden, Almay, and Britney Spears Fragrances among its brands. It operates in over 150 countries.<\/p><div class=\"trade-content_5\" id=\"trade-4074886613\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Both the companies have not commented on this development. \u201cWe have made and will continue to make necessary disclosures in compliance with our obligations under Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and our agreements with the stock exchanges,\u201d a spokesperson from Reliance said.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By &#8211; Simran Bafna<\/strong><\/p><p><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-4141531462\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Cosmetics giant, Revlon Inc, had filed for bankruptcy protection, weighed down by supply chain disruptions, rising inflation, and debt obligations. Its shares had plunged more than 82% since January, however, they soared 91.28% on June 17th, 2022 after Reliance Industries considered buying out the company. Mukesh Ambani-led Indian oil-to-retail conglomerate is now mulling bidding for [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":29636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[63,755,4161,4162],"class_list":["post-49306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-reliance-industries","tag-reliance-industries-news","tag-revlon","tag-revlon-buyout"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This US Stock Jumps 91% in a day after Reliance considers buying out the company - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/this-us-stock-jumps-91-in-a-day-after-reliance-considers-buying-out-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This US Stock Jumps 91% in a day after Reliance considers buying out the company\" \/>\n<meta property=\"og:description\" content=\"Cosmetics giant, Revlon Inc, had filed for bankruptcy protection, weighed down by supply chain disruptions, rising inflation, and debt obligations. Its shares had plunged more than 82% since January, however, they soared 91.28% on June 17th, 2022 after Reliance Industries considered buying out the company. 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