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Finance In Brief

This article was originally published in The Rose Sheet

Executive Summary

Revlon: Beauty company will record $10 mil. charge in FY 2006 relating to costs associated with organizational realignment in its sales, marketing and creative groups, firm announces Feb. 1. Initiative is expected to contribute $15 mil. in annual savings, Revlon notes. Realignment will "further our progress by enabling us to capitalize on marketplace opportunities in an even more effective and efficient manner, while furthering our objective to achieve long-term, profitable growth," according to Revlon CEO Jack Stahl. Company anticipates 2005 net sales to be up slightly to $1.33 bil...

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