Officially recognized last year by President Joe Biden, the day came to national prominence in 2020 amid nationwide protests during ongoing racial inequities in the justice system between Black people – and police.
STORY: Revlon, the cosmetics giant known for its nail polishes and lipsticks, has filed for bankruptcy, the first major consumer-facing company to seek Chapter 11 protection since a bankruptcy frenzy in 2020.The 90-year-old company buckled under debts built up trying to compete with younger, online-focused upstarts.Revlon in recent years had lost shelf space to startups backed by celebrities such as Kylie Jenner's Kylie Cosmetics and Rihanna's Fenty Beauty.
Revlon bought Elizabeth Arden in an $870 million skincare bet in 2016 to fend off competition.But the company's sales lagged over the years. Supply chain issues resulting in product shortages were another major factor in tipping Revlon into bankruptcy.The company also made headlines two years ago when Citigroup accidentally sent nearly $900 million of its own money to Revlon's lenders.Revlon, which had long-term debt of $3.
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Juneteenth 2022: What’s open, closed for the holiday?CLOSED ON MONDAY | This year, June 19 falls on a Sunday, so the federal holiday will be observed on Monday, June 20. Here is a list of offices and facilities that will be closed.
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Companies are selling Juneteenth branded products. Here's why that's a big problemFollowing its negative reaction on social media, Walmart pulled its special edition flavor of ice cream commemorating Juneteenth from shelves, with many critics calling out the retailer for capitalizing on the holiday for profit. | via NPR
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What is Juneteenth? The history and meaning behind the federal holidayJuneteenth is an annual celebration that commemorates the day many enslaved people in Texas learned they had been freed.
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