Why did Revlon file for bankruptcy?

Revlon is a 90-year-old company with economic pull across the world, according toAP News.

That hasn’t stopped the company’s struggles with its growing debts thatBloombergreports are up to $3.7 million.

Revlon makeup stand

But how did it get here?

Startup beauty brands can have trouble maintaining their popularity if logistical issues arise, though.

Revlon lipstick

Beauty products