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Thursday, October 8, 2026

Revlon Wins Approval to Pay Key Employees a Bonus in Bankruptcy - Bloomberg Law

Cosmetics giant Revlon Inc. won court approval to pay $15.4 million in bonuses to about 150 top employees in order to keep them with the company while it reorganizes in bankruptcy.

  • US Bankruptcy Court Judge David S. Jones in Manhattan approved the request at a video hearing Friday;
    • Jones said he would reserve judgment on whether a handful of proposed recipients should be included in the program because they could be considered company insiders
  • As it froze some bonuses in the last few years, Revlon had experienced high turnover, company lawyer Robert Britton told Jones
  • The retention bonuses will help ...


Read Full Story: https://news.bloomberglaw.com/bankruptcy-law/revlon-wins-approval-to-pay-key-...