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In Brief: Carson

This article was originally published in The Rose Sheet

Executive Summary

Carson: Robert Pierce to chief financial officer, succeeding Bradford Creswell. Previously, Pierce served as Maybelline CFO and treasurer. Separately, the firm completes acquisition of the Cutex product line and trademarks in the U.S. and Puerto Rico from Chesebrough-Pond's April 30. The Cutex brand, which consists of nail and lip items and nail polish remover, was previously licensed to Jean Philippe Fragrances. The companies announced the $41 mil. deal March 31 ("The Rose Sheet" April 7, p. 6). Simultaneous with the purchase, Carson refinanced its $40 mil. senior debt facility and replaced it with a $100 mil. facility...
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