Revlon Appoints Kennedy Interim CEO Following Ennis’ Departure
This article was originally published in The Rose Sheet
Executive Summary
Revlon’s board of directors elects David Kennedy interim CEO after Alan Ennis vacates the post to pursue other interests. Board Vice Chairman Kennedy, who headed Revlon as CEO from 2006 to 2009, will oversee integration of the firm’s latest acquisition, The Colomer Group, which has reunited the company with its professional products business.
You may also be interested in...
Portfolio Firm Glansaol Looks To Make Mark In Prestige, Led By Ex-Revlon CEO
More deals may be on the horizon for portfolio company Glansaol following its announced market entry with the acquisition of three prestige brands.
Revlon Returns To Salon Channel With $660 Mil. Colomer Acquisition
Thirteen years after selling its professional products business to CVC Capital Partners, Revlon buys it back, now in a position to grow the salon hair- and nail-care brands. The acquisition extends the firm’s reach in markets outside of the U.S. and, according to Kline’s Carrie Mellage, “signals Revlon’s return as a serious contender in the personal-care industry.”
China Regulatory Probe Slows Nu Skin Growth After Record Year
The firm’s recent explosive growth is expected to slow substantially in the first quarter – to between 20% and 24% – but Nu Skin is confident the steps it is taking in China “make our long-term success more likely.” Analysts have faith in the firm as it works with Chinese officials to resolve an investigation into its business practices.