Revlon Inc

Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022.Hannah McKay | ReutersCheck out the companies making headlines in midday trading.Digital World Acquisition — The company planning to take Donald Trump's media company Truth Social public surged 14.6%, continuing its ascent on an announcement Wednesday that Google would allow the media company into its app store. The company was previously banned.Relmada Therapeutics — Shares of the biotech company plummeted 79.6% following an announcement…

Marisa Thalberg, executive vice president and chief brand and marketing officer.Source: Marisa ThalbergLowe's chief marketing officer Marisa Thalberg has left the retailer as part of a broader reorganization, the company said Tuesday.The home improvement retailer has cut her role and moved its marketing team under Bill Boltz, executive vice president of merchandising. Thalberg previously reported directly to CEO Marvin Ellison.Thalberg's departure is part of a growing wave of leadership changes in the retail industry.…

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California.Justin Sullivan | Getty ImagesThe retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity.There could be an increase in distressed retailers beginning later this year, experts say, as ballooning prices dent demand for certain goods, stores contend with bloated inventory levels and a potential recession looms.Last week, 90-year-old cosmetics giant Revlon filed for…

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Check out the companies making headlines before the bell:Winnebago (WGO) – The recreational vehicle maker saw its stock jump 3.4% after it beat top and bottom-line estimates for its latest quarter. Winnebago earned an adjusted $4.13 per share, compared with a consensus estimate of $2.96, helped by higher prices and a jump in its gross profit margins.La-Z-Boy (LZB) – La-Z-Boy rallied 8.2% in premarket trading after posting better-than-expected quarterly results that included record sales for the furniture maker. The…

Daniel Acker | Bloomberg | Getty ImagesCosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain.The company said it expects to receive $575 million in debtor-in-possession financing from its existing lender base, which will help to support its day-to-day operations."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…