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Cosmetics giant Revlon files for bankruptcy amid heavy debt load

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Cosmetics maker Revlon has filed for bankruptcy in the US, as it says supply chain disruptions have driven up the cost of raw materials for its products.The 90-year-old firm says it has also been struggling with supplier payments, inflation and labour shortages.The company says it expects to receive $575m (£466.6m) from its existing lenders to support day-to-day operations.In a court filing, the company said that supply chain disruptions had prompted intense competition for the ingredients used in its cosmetics. It added that suppliers have also asked to be paid for orders upfront.

This has caused “shortages of necessary ingredients across the company’s portfolio,” Revlon’s chief restructuring officer Robert Caruso said in the filing. “For example, one tube of Revlon lipstick requires 35 to 40 raw materials and component parts, each of which is critical to bringing the product to market,” he added. In recent years it has faced increased competition from new brands like those backed by celebrities such as Kylie Jenner’s Kylie Cosmetics and Rihanna’s Fenty Beauty.
The company’s debt load proved burdensome, especially after it sold more than $2 billion of loans and bonds to fund its acquisition of Elizabeth Arden in 2016. It also owns brands including Cutex and Almay, and markets in more than 150 countries. Revlon narrowly staved off multiple previous defaults by cutting deals with creditors to rework its obligations out of court, and later found itself ensnared in one of the banking industry’s most infamous blunders when Citigroup Inc. — intending to process a routine loan interest payment — instead mistakenly paid some Revlon creditors nearly $900 million.

With 20 years of experience across print, TV, and digital journalism, Sudhashree is a seasoned media professional with a keen eye for news. A true news bug, she thrives on curating stories that capture the pulse of fashion, film, and all things trending. Deeply immersed in the fast-evolving media landscape, she swears by the power of social media to shape narratives and spark conversations.

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Royaloak launches in UAE bringing Indian design excellence to gulf

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Royaloak Furniture, one of India’s largest organised furniture retail chains, has announced its entry into the UAE market as part of a broader international expansion strategy. With an operational history spanning over 15 years and a customer base exceeding 5 million, the brand has opened three stores in the UAE—located in RAK Mall (Ras Al Khaimah), Lulu Mall (Fujairah), and Silicon Central Mall (Dubai)—each spanning nearly 20,000 square feet.

The move comes at a time when the UAE’s furniture and home décor industry is witnessing steady growth, driven by a combination of increased real estate development, rising urbanisation, and a growing population of design-conscious consumers. According to industry estimates, the UAE furniture market was valued at approximately USD 5.1 billion in 2024 and is projected to reach USD 5.4 billion by 2033, growing at a CAGR of 4.18%.

Royaloak’s entry adds momentum to the region’s expanding mid-to-premium furniture segment. The brand is known for its “Country Collection” that showcases curated pieces inspired by American, Italian, and Malaysian designs. The company sources products from manufacturing hubs across Asia and Europe, aiming to balance aesthetic appeal with functional quality.

“Our UAE expansion is aligned with market demand and retail opportunity,” said Mathan Subramaniam, Co-Founder and Managing Director of Royaloak. “What sets us apart is a vertically integrated model—from sourcing to distribution—which ensures both product consistency and affordability. With our dedicated warehouse in the UAE, we are equipped to provide fast, reliable delivery and a localised shopping experience.”

The stores are designed to cater to a wide demographic—offering furniture for living rooms, bedrooms, offices, dining areas, and outdoor spaces, in addition to home décor and mattresses. Each outlet is supported by Arabic-speaking staff to ensure culturally attuned customer service.

In tandem with its retail footprint, Royaloak has launched a dedicated UAE e-commerce platform, while also partnering with Amazon UAE and Noon to strengthen its omnichannel presence. The brand’s UAE entry is not just an expansion strategy but also a commitment to job creation and customer-centric innovation in one of the Middle East’s most competitive retail landscapes. The company plans further expansion across the Emirates in the coming year

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Dubai travel: Emirates minimises disruptions, reassures travellers ahead of summer holidays

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Despite heightened regional tensions on June 23, Emirates Airline resumed regular operations within hours, with only minimal disruptions reported across its global network.

The Dubai-based carrier activated its contingency and disruption plans following the latest regional developments, swiftly stabilising operations without any flight diversions and only a few route cancellations. Most affected flights were rerouted slightly to avoid restricted airspace, resulting in limited delays due to congestion.

In a statement, Emirates confirmed that its scheduled services resumed quickly and that the airline had maintained operations to the majority of destinations. Flights to Amman and Beirut, which were briefly suspended, resumed shortly after, demonstrating Emirates’ agility in responding to dynamic situations while ensuring traveller safety.

“The safety of our passengers and crew is always our top priority,” the airline said, noting it would never operate any flight unless it meets the strictest safety regulations. Emirates continues to coordinate closely with global aviation authorities and regularly evaluates the security landscape to reroute aircraft if needed.

Keeping Passengers Informed

The airline kept its customers up to date throughout the disruptions via its website, social media channels, and through dedicated reservation teams, who assisted travellers in adjusting itineraries as needed.

Looking Ahead to Summer Travel

As Emirates prepares for a surge in summer travel, the airline said it remains ready to adapt to any changing conditions. “With the UAE’s strong infrastructure and support systems, we are fully prepared to continue safe and smooth operations,” the airline added.

Travellers are advised to check their flight status before heading to the airport and stay informed through official Emirates communication channels.

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Latest UAE travel update: What travellers, especially to India, need to know amid flight disruptions 

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Several UAE-based airlines have issued disruptions in their service and route changes as a precautionary response following heightened regional tensions after Iran attacks Al Udeid Air Base in Qatar

UAE residents planning to travel this week are advised to double-check their flight status before heading to the airport, as ongoing regional tensions have led to disruptions across several major carriers.

Following Iran’s attack on the Al Udeid Air Base in Qatar, airlines including Etihad, Emirates, flydubai, and Air Arabia have rerouted or cancelled select flights to ensure passenger safety amid restricted airspace and rising geopolitical risk.

What UAE Airlines Are Saying

Etihad Airways

  • Cancelled flights on Tuesday (June 24) to/from Kuwait, Doha, and Dammam:
    • EY651/652 (Abu Dhabi – Kuwait)
    • EY663/664 (Abu Dhabi – Doha)
    • EY575/576 (Abu Dhabi – Dammam)
  • Flights to Israel remain suspended until July 15.
  • The airline confirmed it is using only approved airspace and warned that the situation is highly dynamic.
  • Passengers transiting through Abu Dhabi to connect to cancelled destinations will not be accepted for travel.

Emirates Airline

  • Has rerouted flights away from conflict zones.
  • Temporary suspension of all flights to Iran and Iraq (Tehran, Baghdad, Basra) until June 30.
  • Warns of potential delays due to longer routes and airspace congestion.

flydubai

  • Flights on June 24 resumed, but delays remain possible.
  • Temporary suspension of services to Iran, Iraq, Israel, Syria, and St. Petersburg (Russia) until June 30.
  • Passengers heading to these destinations via Dubai will not be accepted from their point of origin.

Air Arabia

  • Advises passengers of possible disruptions due to airspace closures.
  • Suspended services to Jordan (until June 25) and Iran, Iraq, Russia, Armenia, Georgia, and Azerbaijan (until June 30).

Dubai/Abu Dhabi Airport Updates

  • Dubai Airports said operations across DXB and DWC have resumed, but some delays or cancellations may still occur. 
  • Travellers heading to India are especially advised to confirm flight status in advance. “Due to regional airspace closures, flights from DXB and DWC – Al Maktoum International may be impacted. Please check with your airline for the latest updates before heading to the airport, especially for guests travelling to India,” Dubai Airports wrote on X.
  • Zayed International Airport in Abu Dhabi echoed similar advice: check with your airline before traveling.

Impact on International Flights

  • flydubai, Etihad, Emirates, and Air Arabia have adjusted or halted flights across the region.
  • IndiGo Airlines suspended flights to several Gulf cities including Dubai, Doha, Bahrain, Dammam, and Abu Dhabi until at least 10am Tuesday.
  • Pakistan International Airlines has halted services to Doha, Kuwait, Bahrain, and Dubai.
  • EgyptAir also cancelled Gulf-bound flights from Cairo.
  • Air Canada extended its Toronto–Dubai flight suspension until August 4.

Additional Restrictions

  • Pakistan has extended its airspace ban for Indian-operated aircraft, including military flights—until July 23, 2025.

Travel Tips for UAE Passengers

  • Check flight status online or via airline apps before leaving home.
  • Expect delays even if your flight is not cancelled—reroutings may extend travel time.
  • If you are transiting through the UAE to a suspended destination, contact your airline immediately to explore alternative arrangements.

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