These are the stories making headlines in fashion on Thursday.
Revlon files for bankruptcy
Revlon filed for Chapter 11 bankruptcy this week, Bloomberg reports, citing global supply chain issues that exacerbated the cosmetic company's existing problems. “Consumer demand for our products remains strong — people love our brands, and we continue to have a healthy market position. But our challenging capital structure has limited our ability to navigate macro-economic issues in order to meet this demand,” Revlon CEO Debra Perelman told the publication, in a statement. Bloomberg