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NEWS
November 24, 1986 | Associated Press
Cosmetics giant Revlon Corp. has scrapped its attempt to seize control of Gillette Co., which will pay $549 million to buy back all the Gillette stock that Revlon accumulated, the razor maker announced today. A brief statement issued by Boston-based Gillette said it has repurchased 9.2 million of its shares from Revlon for $59.50 and had agreed to reimburse Revlon $9 million for its expenses in trying to assume control of Gillette. Gillette's stock price closed on Friday at $56.
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NEWS
February 18, 2014 | By Ingrid Schmidt, This post has been corrected, as indicated below.
What did renowned makeup artist Kevyn Aucoin carry in his makeup kit? The answer will be revealed, along with many never-before-seen pieces from Aucoin's private and professional life, in a special “Icon Gallery” exhibition, open to beauty and fashion industry professionals as part of the Makeup Show L.A. The two-day trade show, which attracted 5,800 visitors last year, returns to Los Angeles for the sixth year on March 1 and 2, before traveling...
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BUSINESS
October 26, 1985
A hearing on the appeal by Revlon, the cosmetics giant, and Forstmann, Little & Co., the New York investment firm that wants to acquire it, will be held Thursday in Delaware Supreme Court. The two firms are appealing a lower court decision that would prevent Revlon from giving Forstmann, Little the right to buy two key businesses. Revlon supports a $57.25-a-share merger deal with Forstmann, Little and opposes a $58-per-share bid by Pantry Pride Inc.
IMAGE
February 9, 2014 | Susan Denley
For some models, a Sports Illustrated cover helps pave the path to enduring fame and fortune. Here's the rundown on seven success stories. Cheryl Tiegs Age: 66 S.I. covers: 1970, 1975, 1983 Known for: Considered to be the first super model, Tiegs was also the first woman to appear on more than one S.I. cover when she racked up her second in 1975. But it was an inside shot of Tiegs in 1978, when Brazilian model Maria Joao appeared on the cover, that caused an uproar. Tiegs' photograph showed her emerging from the surf in a wet mesh one-piece suit that revealed almost all her assets -- generating a record number of canceled subscriptions (340)
BUSINESS
November 18, 1986
Gillette has not formally responded to Revlon's $65-per-share tender offer, but it asked a federal court in Boston to block Revlon, its affiliated companies and Revlon Chairman Ronald O. Perelman from buying any more Gillette stock while it considers the proposal. Revlon has sued to overturn Gillette's "poison pill" plan that would allow shareholders to buy stock of the acquiring company at half-price as the result of a hostile takeover.
BUSINESS
August 7, 1986 | NANCY YOSHIHARA, Times Staff Writer
Revlon Inc. is expected to announce plans "imminently" to buy some of the other big names in the beauty business including Max Factor, Almay Cosmetics and Halston/Orlane fragrances, Wall Street sources said Wednesday. Max Factor and the others are now owned by Beatrice Cos. They would be acquired by Revlon in a complicated deal that also involves the spinoff of International Playtex, also owned by Beatrice. The purchase involves two of the biggest names in corporate takeovers in the last year.
NEWS
December 5, 1986 | Associated Press
Two American companies, Honeywell Inc. and Revlon, Inc., announced Thursday that they will sell their operations here and join the exodus of American companies from South Africa. The sales to South African owners follow a pattern set by General Motors Corp., IBM and dozens of other U.S. companies that bowed to divestiture pressure from the anti-apartheid movement and to poor economic conditions.
BUSINESS
August 17, 1985 | BRUCE HOROVITZ, Times Staff Writer
In a bid to raise $2.4 million for acquisitions and working capital, SPI Pharmaceuticals Inc. said Friday it plans to sell 300,000 shares of common stock. As part of the same transaction, two of the company's larger shareholders plan to sell off 426,666 of their shares. The issuance of new shares by SPI would decrease slightly the holdings of the parent company, ICN Pharmaceuticals Inc., from 88% to about 85%.
BUSINESS
December 29, 1988 | PAUL RICHTER, Times Staff Writer
Financier Ronald O. Perelman has made his first $1 billion proving that he loves taking on troubled companies--particularly in industries he would seem to know nothing about. In 1983, he bought and began to resurrect Technicolor, the film processing giant that had lost its way. Two years later, he acquired and started rebuilding Revlon, the storied cosmetics firm in dire need of a make-over.
BUSINESS
June 13, 2013 | By Tiffany Hsu
Cosmetics giant Revlon Inc. is facing a $850,000 fine from the Securities and Exchange Commission, which alleges the company misled investors as it tried to tackle its debt. Without admitting or denying fault, the New York company agreed to settle federal government charges accusing it of withholding information during a going-private transaction with its controlling shareholder, MacAndrews & Forbes Holdings Inc. M&F, which owns more than three quarters of Revlon's shares and is led by billionaire Ronald Perelman, asked the company in 2009 to allow minority shareholders to swap their common shares for preferred stock.
CALIFORNIA | LOCAL
July 11, 2008 | From the Associated Press
Dorian Leigh, an early supermodel who made Revlon's 1950s Fire and Ice cosmetics line famous, has died. She was 91. Leigh, who went on to run her own modeling agency and open a restaurant in France, died Monday at a nursing home in Falls Church, Va., according to her eldest son, T.L. Hawkins of McLean, Va. Leigh began her modeling career at a major fashion agency run by Harry Conover.
CALIFORNIA | LOCAL
May 12, 2002 | CARA MIA DiMASSA, TIMES STAFF WRITER
For Frances Small, the early Saturday morning wake-up, the long drive and the traffic snarls were minor irritations on the way to her destination: the Los Angeles Coliseum. Instead, she was focused on the battle her sister is waging against breast cancer.
HEALTH
April 29, 2002
The Revlon Run/Walk for Women, a 5-kilometer event benefiting breast and ovarian cancer research, will be held May 11 at the Los Angeles Memorial Coliseum. For more information, go to www.revlonrunwalk.com or call (310) 393-6344.
BUSINESS
February 26, 2002 | Bloomberg News
Revlon Inc., the cosmetics maker controlled by financier Ronald Perelman, said its fourth-quarter loss narrowed because of cost cutting but forecast sales this quarter will decline. The third-largest U.S. makeup company had a loss from operations of $24.7 million, or 47 cents a share, compared with a loss of $51.3 million, or 98 cents, a year ago. Sales rose 6% to $332.5 million, the first increase in almost two years.
BUSINESS
November 2, 2000 | Bloomberg News
Revlon Inc. said it will close three plants and fire about 1,115 employees, or nearly 14% of its work force, in a continued effort to cut costs, as it reported another quarterly loss. Revlon, the cosmetics company controlled by financier Ronald Perelman, said its loss from operations narrowed in the third quarter to $12.6 million, or 25 cents a share, from $160.3 million, or $3.13 a share, a year ago, a better performance than the 32-cent loss analysts expected.
NEWS
December 16, 1988 | PADDY CALISTRO
Behind the scenes in cosmetics areas of department stores, a high-powered game of Monopoly is played every day--whoever owns the most real estate wins. Instead of getting houses and hotels, however, the cosmetics manufacturers acquire counter space in prime, high-traffic locations. And instead of collecting rent, they collect shoppers. Estee Lauder, Lancome and Clinique have controlled the board for years, commanding the premium positions in highly profitable cosmetics departments.
NEWS
February 18, 2014 | By Ingrid Schmidt, This post has been corrected, as indicated below.
What did renowned makeup artist Kevyn Aucoin carry in his makeup kit? The answer will be revealed, along with many never-before-seen pieces from Aucoin's private and professional life, in a special “Icon Gallery” exhibition, open to beauty and fashion industry professionals as part of the Makeup Show L.A. The two-day trade show, which attracted 5,800 visitors last year, returns to Los Angeles for the sixth year on March 1 and 2, before traveling...
BUSINESS
November 3, 1999 | Associated Press
Revlon Inc. has hired Jeffrey M. Nugent as president and chief executive, hoping the former president of Neutrogena Corp. can give the cosmetics and hair-care products company a face lift. Revlon's current top executive, George Fellows, 56, submitted his resignation to the board after more than a year of dismal performance and a failed attempt to find a buyer. Revlon makes Revlon and Almay makeup, Flex shampoo and Charlie perfume.
BUSINESS
October 2, 1999 | From Bloomberg News
Revlon Inc., whose cosmetics are the No. 1 brands in U.S. drug and discount stores, said Friday that it's in talks to sell its Latin American and professional brands, after billionaire financier Ronald Perelman failed to find a buyer willing to pay a high price for the struggling company. Revlon said it will keep its brands that generate 80% of sales, led by its namesake, Ultima II and Almay cosmetics.
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