Perelman, who currently has an estimated net worth of $1.9 billion, was once America’s wealthiest businessman shortly after he acquired cosmetics company Revlon for $2.7 billion in 1985.

His biggest bauble is a controlling stake in cosmetics giant Revlon. But something seems to be up, says Town & Country. Perelman has been unloading assets. “A lot of them. Rapidly.” ...

The resulting entity, Revlon Group Holdings LLC, had around $1.5 billion in debt at that time. As a result of the proceedings ...

Debra Perelman, former Chief Executive Officer of Revlon, has more than 27 years of extensive leadership and operational experience across various business facets, including finance, distribution ...

In its heyday, Revlon was the second largest cosmetics company by sales, behind only Avon. Over three decades later, the crown jewel of Ron Perelman’s corporate empire has become a liability.

Now, with the company out of bankruptcy and under new ownership following Perelman's exit, Peluso is quickly implementing a strategy playing on Revlon's glamorous past to win back customers and ...