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BUSINESS
August 17, 1994 | From Times Staff and Wire Reports
Revlon Cancels Magazine Ads: The cosmetics company pulled its advertisements from Hearst Magazines, a unit of Hearst Corp., the Wall Street Journal reported. A spokeswoman for Hearst said the action was apparently taken after the September issue of Esquire magazine published a profile of Patricia Duff, a companion of Ron Perelman, Revlon Inc.'s chairman.
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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.
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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
April 11, 1991 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
In a deal combining the smell of greasepaint and the color of money, consumer products giant Procter & Gamble agreed to spend $1.14 billion on Revlon's historic Max Factor & Co. as well as Revlon's German cosmetics subsidiary, the two companies announced Wednesday.
BUSINESS
May 4, 2001
* Revlon Inc., the cosmetics maker controlled by financier Ronald Perelman, had a 10th straight quarterly loss on lower U.S. sales, though results were better than forecasts as it cut advertising and other costs. The first-quarter loss from operations for the maker of Almay makeup and Flex shampoo widened to $24.3 million, or 47 cents a share, from $23.7 million, or 46 cents, a year earlier. Revlon was expected to lose 69 cents. Sales fell 28% to $323.3 million.
BUSINESS
November 16, 1999
Revlon Inc. reported a third-quarter loss from operations of $160.3 million, or $3.12 a share, in the third quarter, contrasted with an operating profit of $5.6 million, or 10 cents, a year ago, as sales dropped 18% to $452.4 million. Analysts had expected a larger loss of $3.15 a share. Revlon also warned that it will have a larger-than-expected loss in the fourth quarter as retailers cut excess inventories of its makeup and fragrances. It didn't give a figure. Analysts expect a loss of $1.
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
February 6, 1996 | Times Staff and Wire Reports
IPO Sought for Revlon: Financier Ronald Perelman filed to take Revlon Inc. public in an initial stock sale that values the world's second-largest cosmetics company at $1 billion. Perelman bought Revlon in a $1.8-billion hostile raid in 1985. In 1992, he was forced to scuttle a stock sale, even after slashing it 61%, because the company reported lower-than-expected financial results. Revlon filed an updated offering circular with the Securities and Exchange Commission to sell 7.
BUSINESS
August 25, 1993 | From Times Staff and Wire Reports
Revlon to Settle FTC Charges: The Federal Trade Commission said Revlon Inc.'s Charles Revson Inc. unit, charged with making unsubstantiated advertising claims for a sunscreen and an anti-cellulite cream, has agreed to settle.
BUSINESS
May 4, 2001
* Revlon Inc., the cosmetics maker controlled by financier Ronald Perelman, had a 10th straight quarterly loss on lower U.S. sales, though results were better than forecasts as it cut advertising and other costs. The first-quarter loss from operations for the maker of Almay makeup and Flex shampoo widened to $24.3 million, or 47 cents a share, from $23.7 million, or 46 cents, a year earlier. Revlon was expected to lose 69 cents. Sales fell 28% to $323.3 million.
BUSINESS
November 16, 1999
Revlon Inc. reported a third-quarter loss from operations of $160.3 million, or $3.12 a share, in the third quarter, contrasted with an operating profit of $5.6 million, or 10 cents, a year ago, as sales dropped 18% to $452.4 million. Analysts had expected a larger loss of $3.15 a share. Revlon also warned that it will have a larger-than-expected loss in the fourth quarter as retailers cut excess inventories of its makeup and fragrances. It didn't give a figure. Analysts expect a loss of $1.
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.
BUSINESS
October 29, 1998 | From Times Wire Services
Amazon.com Inc. said its loss widened in the third quarter, but much less than analysts had expected, as it poured more money into advertising and as its sales quadrupled. The No. 1 online bookseller said it lost $24.7 million, or 49 cents a share, in the latest quarter, compared with a loss of $9.6 million, or 21 cents, a year ago. Analysts expected a loss of 57 cents a share, according to First Call Corp. Sales climbed to $153.7 million from $37.
NEWS
October 8, 1998 | MICHAEL QUINTANILLA, TIMES STAFF WRITER
Move over Halle, Cindy, Salma and Melanie. There's a new girl in Revlonland--and she's a size 14, sometimes 16. And the mono-monikered Emme means big business--in more ways than one--to Revlon, as the first plus-size celeb to promote its products. "It's nice that Revlon sees that beauty is very accessible to each and every woman out there," said Emme, about her spokesmodel gig, which begins next year.
BUSINESS
August 10, 1997 | SHARON WALSH, WASHINGTON POST
With an aging baby boomer population ready to buy anything to look younger, from wrinkle cream to hair color, and with teenagers heavily into black lipstick and puce nail polish, these are good times for some companies in the cosmetics industry. Revlon Inc., Avon Products Inc. and Estee Lauder Cos. are three very different publicly traded cosmetics companies that illustrate where the market for cosmetics is going, analysts said.
BUSINESS
July 31, 1996 | From Times Wire Services
Revlon said higher cosmetics sales helped pushed it into the black for the second quarter, contrasted with a loss a year ago, far exceeding analyst expectations. The company had net income of $400,000, or a penny a share, contrasted with a loss of $14.3 million, or 34 cents, a year earlier. Wall Street was expecting a loss of 17 cents a share.
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