Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Revlon Attempts to Terminate Park Avenue Leases - Beauty Packaging

What are you searching for?

Sign in
Beauty Industry

Revlon Attempts to Terminate Park Avenue Leases

If successful, the move could save the company $17 million in rent.

Author Image

By: Charlie Sternberg

Associate Editor

Beauty conglomerate Revlon, which filed for bankruptcy earlier this year, has reportedly asked a judge to terminate office and retail leases at 200 Park Avenue South in New York in an attempt to save millions in rent.
 
Elizabeth Arden, which Revlon acquired in 2016, occupies nearly 36,000 square feet of offices at the building and a 10,000-square-foot, ground-floor retail space—leases which expire in 2027 and 2023, respectively.
 
In court filings, Revlon’s restructuring officer, Robert Caruso, said the lease terminations could save the company $17 million in rent, adding that the rates on the leases are higher than those of “available alternatives.”

Related News

In June, ET Now reported that Indian conglomerate Reliance Industries was considering purchasing Revlon Inc. Revlon reportedly fits well with Reliance Industries’ omnichannel plans for beauty & personal care.

Add us as a preferred source on Google

Get the latest Beauty Packaging news, insights and analysis in your Google Search and AI experiences.

Add Beauty Packaging as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Beauty Packaging Newsletters

Topics