A major player in the cosmetics department is in some hot water. Revlon Inc. has filed for Chapter 11 bankruptcy protection.
According to Retail Dive, Revlon Inc. cited more than $3 billion in debt and struggles with supply chain and inflation.
Debra Perelman, Revlon’s President and Chief Executive Officer, said in a release, “Today’s filing will allow Revlon to offer our consumers the iconic products we have delivered for decades while providing a clearer path for our future growth.”
Revlon Inc. is allegedly expecting to receive $575 million in financing which will cover the cost of day-to-day operations.
Retail Dive stated that the sales for Revlon Inc. “fell by more than half a billion dollars in 2020 and its net loss nearly quadrupled, before easing in 2021”
Perelman concludes that there’s still high consumer demand for Revlon products, but its capital structure has negatively affected the company in not being able to adapt to certain macroeconomic issues. Of course, we’ve seen this with many large and small companies through the last couple of years during the pandemic.
Filing for bankruptcy will allow Revlon Inc. to reorganize its capital structure and give it a chance to improve its business strategy.
Only time will tell if Revlon Inc. will be able to get back on track.
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We are always looking for great sales to tell you about, and we just discovered Brands Outlet, that sells fragrance and cosmetics inventory direct to the consumer at 70% off retail price.
BrandsOutlet.ca is associated with the distributors for some of the biggest cosmetics and fragrance brands in Canada. Through their strategic partnerships and unique fully-vertical, omni-channel approach. BrandsOutlet.ca can access amazing deals and then pass on those savings to you. Visit them to find exclusive in-store deals: https://www.brandsoutlet.ca/
While the brand list is extensive, some of the top brands they carry include Eternity, Euphoria, Hugo Boss, Lacoste, Armani, YSL, Creed, and many more.
Through their work with prestigious brands, running their own retail channel and maintaining their reputation as one of the top fragrance and cosmetic distributors in the country, Brands Outlet is launching a fabulous warehouse sale event.
The Christmas Warehouse Sale is taking place now until December 24 (Monday to Thursday 10am to 6pm, Friday 10am to 8pm, Saturday 10am to 6pm, and Sunday 11am to 5pm) and will feature the top brands in the world and highly coveted designer fragrances. If you are looking to add high-end fragrances to your collection or looking for great new finds at warehouse sale prices, this sale is for you.
You’ll also have access to amazing gifts sets which make the perfect holiday present. The holiday season is rapidly approaching and we can’t think of an easier way to get a head start on buying gifts.
Check out some gift sets available, the official sale flyer, and exclusive coupon below. There’ll be plenty of giftable items at the sale, including sets from adidas, Guess, and Playboy, starting at just $9.99 — you can also shop them online at BrandsOutlet.ca.
Creating your own custom cosmetics may seem like a lofty (and expensive) dream, but a beauty lab in Toronto is making it happen.
Lip Lab by BITE is a somewhat recent addition to Toronto’s popular Queen West strip, but the Toronto-born lipstick brand has been making waves in the beauty scene for quite some time. A quick jump to Sephora, where the line is exclusively sold, shows an abundance of 5-star reviews. The reason? Founder Susanne Langmuir’s simple mission: create a quality lipstick that people love.
Made with the finest all-natural ingredients at a factory in Toronto, BITE is 100% food-grade, meaning they are literally good enough to eat. Each lipstick is creamy, long-lasting, highly pigmented and hydrating. While the brand boasts dozens of shades, their Lip Lab in Toronto (678 Queen St. W) allows beauty aficionados to take their love for cosmetics to the next level by offering personalized lipstick experiences.
At the Lip Lab by BITE, you’ll work with a Lip Lab Artist to customize everything from the finish to the shade to the scent. The entire process doesn’t take long (approximately 20 minutes) and is fairly friendly on the wallet (1 custom lipstick costs $55). We dropped by the Lip Lab to try the experience for ourselves.
Discover how you can create your own custom lipstick in Toronto below:
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Joining a record number of foreign retailers opening new stores in Canada, the Innisfree brand, South Korea’s first all-natural brand, hired CBRE brokerage to find 1800-3000 square foot locations in major malls as well as standalone flagship stores in Toronto and Vancouver. The company, which started in 2002, is part of the Amore Pacific Corporation, which promotes 33 health, beauty, and personal brands.
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With the slogan “Clean Island, where clean nature and healthy beauty coexist happily,” Innisfree is eco-friendly and sources many ingredients from Jeju Island. The company’s ingredients are 80% natural, and they promote their dedication to green activities with reforestation and recycling projects, donate 1% of their profits to eco programs, and even have an “eco-hankie.” Most importantly, their products are affordable, with many in the $20-30 range, as they aim to appeal to a broad range of consumer to grow faster than the pricier brands.
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While Innisfree’s main target is women in their 20’s and 30’s, they have products for both women and men, including skin care, fragrances, sun care, beauty tools, hair and body products, and makeup. The company already has hundreds of stores in the U.S., Australia, and Asia. Their main competition in the Korean market are The Face Shop and VDL, which are also expanding.
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Canada had a record number of international retailers opening stores in 2017, with more than 50 brands starting standalone stores or concessions, and this has only increased in 2018.
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If your New Year’s resolution sounded something like, “I’m going to eat better, sleep more, say yes and buy less,” but yet somehow your house and life look like a scene out of TLC’s Extreme Hoarders, we feel you.
There’s nothing more satisfying than buying something new. Perhaps it’s a little bit of a retail rush, or an, “I worked hard for this” moment, but splurging every now and again has its emotional perks. Sadly, the more we consume, the more our lives become riddled with clutter, expired products and a shortage of storage. That’s why, this year, we’re promising to cut down on our obsession with spending, and buy fewer products that boast more bang for their buck.
First things first, go through and check the expiration date on every little thing, even the products in your shower. The general rule of thumb is to not hold onto anything for more than 6 months, especially mascara. Once you’ve removed the spoiled SPFs and self-tanners, it’s time to start parting ways with a few of your treaures. While the task might feel more arduous than you signed up for, a serious purge always feels fantastic. And if you’re feeling a certain way about chucking the products that allotted you that VIB Sephora Rouge status, throw a party and give your friends a few of your time honored treats.
Check out a few beauty buys we’ve already said sayonara to and will never spend out money on again:
Eyelid Primer
While this product isn’t a total gimmick, you can manage without it. Simply put, despite greasy lids, your liner and the like won’t slide off. Instead, prime your eyes with a heavy-duty concealer that will keep things lasting longer. Once you’ve primed, work in a great setting powder that will ensure your YouTube tutorial skills don’t go to waste.
Pedicure Products
We know that nothing looks as good as a pedicure feels, and that’s why we leave this job for the professionals. When is the last time you actually took time to scrub your soles and buff your cuticles? A good rule of thumb is to visit your nail salon once a month during sandal season and exfoliate your feet in between sessions. There’s no need to go out and purchase a foot-specific product for this. Any gritty facial scrub will fare just fine.
Lip and Body Scrubs
This one definitely brings us back to our last point. You definitely don’t need a separate face, lip, feet and body scrubs in the mix. One multi-purpose product will definitely do the trick. We love the idea of making a skin-safe product that you’re in control of. Whip together an organic honey and Pink Himalayan salt scrub that will leave your skin bright and clean.
Split End & Frizz Fighting Serums
Your vanity shelf definitely doesn’t have room for these products. We hate to say it, but a sealer or serum just weighs down your strands. And while your coif might look great post application, these products are not actually working the miracles they claim. Simply put, invest in a regular trim and a keratin treatment every now and again to ensure silkier strands and a split end free mane.
Shower Loofahs
We know that these colourful little clouds make your soap application all sudsy, but guess what, they’re kind of gross. They are actually harbouring a boatload of bacteria that can prove to be harmful if you let these little guys linger longer than necessary. A good rule of thumb is to replace your trusty loofah every 3 weeks, but if you simply keep forgetting, invest in a great bar of soap instead.
Are there any other beauty products we should stop spending money on?
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Rihanna’s much-anticipated Fenty Beauty line is finally set to be released on September 8th and beauty fans and fans of Rihanna alike couldn’t be more excited. While people knew the collection was coming, not many knew what Fenty Beauty will actually entail.
Lucky for you, RIRI has hit up the ‘gram with a bunch of teaser videos highlighting the product range. Take a look at the videos below and then head to your nearest Sephora on September 8th if you’re interested in picking up the line.
Image Source: Instagram @Badgirlriri