HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Revlon

This article was originally published in The Rose Sheet

Executive Summary

Beauty firm consummates the previously announced amendment to its bank credit agreement Sept. 29, enabling the firm to add back up to $75 mil. of charges to the agreement's definition of EBITDA, Revlon says. The charges are related to the company's previously-announced "organizational streamlining" and discontinuance of the Vital Radiance brand (1"The Rose Sheet" Oct. 2, 2006, p. 3). The amendment will provide the firm with the "flexibility" it needs to reduce cost structure and improve margins, while investing in established brands, according to the company. Revlon announced that it was seeking the amendment to its bank credit agreement in early July (2"The Rose Sheet" July 17, 2006, p. 3)...

You may also be interested in...



Revlon Drops Vital Radiance, Skims Top Management In Cost-Cutting Effort

Newly appointed Revlon President and CEO David Kennedy is overseeing a broad organizational streamlining initiative that includes discontinuing the Vital Radiance brand and cutting staff, including top management positions, the firm reported during an analyst presentation Sept. 25

Vital Radiance Efforts Intended To Boost Brand Following Difficult Q2

Revlon is renewing plans for Vital Radiance, focusing resources behind the brand's revised retail format, its most productive products and most effective marketing drivers, the company reported during a preliminary second quarter earnings call July 10

Beauty Market News: China Cosmetics Regulations Modernized, Florida Stops Local Oxybenzone Bans, More

L’Oreal acquires Thayers Natural Remedies; Unilever, L’Oreal remove ‘whitening,’ ‘fair’ from labels; China finalizes modernization of cosmetics regulations; and Florida governor signs law preventing local bans on oxybenzone.

UsernamePublicRestriction

Register

LL025498

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel