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Coty’s Revolving Door Of CEOs; Revlon Chopping Heads; People News In Brief

Executive Summary

Coty’s incoming CEO has more direct beauty experience than its past four going back to 2013. More people news.

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Revlon Staves Off Bankruptcy, Reports Q3 With Notes Of Optimism

Revlon’s net sales fell approximately 20% to $477.1m in the third quarter, but the performance represents a sequential improvement compared with the second quarter, CEO Debra Perelman noted in a call with analysts. Having successfully closed a senior debt exchange offer on 13 November, Revlon will enter 2021 fully focused on strategic execution, she said.

Revlon In COVID-19 Tailspin; E-Commerce, At-Home Beauty Provide Lifts

At-home nail and hair care and e-commerce were bright spots in a numbing second quarter for Revlon, which was hit hard by mass retail and salon channel closures at a time of ongoing transformation.

Coty Focused On Mass Beauty, Kylie Skin Care Growth As Turnaround Effort Meets COVID-19

In its third-quarter earnings call, Coty leadership discussed promising “green shoots” and the firm’s highly focused strategic priorities in the shadow of the COVID-19 pandemic.

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