This article was originally published in The Rose Sheet
Argentinean Plusbelle hair care brand divestiture to Dial subsidiary Nuevo Federal completed May 10, Revlon announces. The cosmetics giant is using approximately 60% of the net proceeds from the $46.5 mil. sale to pay down debt with balance used for "general corporate purposes." Revlon announced the sale in March (1"The Rose Sheet" April 3, p. 5)
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Revlon is selling a second piece of its Latin American business portfolio, Plusbelle value-priced shampoos and conditioners, to Dial for $46.5 mil. in cash under an agreement announced March 29. The deal is scheduled to close early May.
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