June 17, 1987 |
Revlon Group, the nation's biggest beauty company, on Tuesday bought some well-known fragrances and Bain de Soleil tanning products from a unit of Yves Saint Laurent S.A. for $150 million. Revlon turned around and sold Bain de Soleil, the nation's second-biggest tanning products brand with about $17 million in annual sales, to Richardson-Vicks, a subsidiary of Procter & Gamble. The sale price wasn't disclosed.
July 31, 1996 |
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.
April 8, 1999 |
After two weeks of rumors that sent Revlon shares soaring, billionaire Ronald O. Perelman put the cosmetic company's future up in the air Wednesday, announcing plans to sell one or more of its struggling businesses. Revlon, which makes Revlon and Almay makeup, Flex shampoo and Charlie perfume, has seen its shares surge 70% in the last two weeks amid rumors the company was a takeover target.
December 16, 1988 |
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.
April 11, 1991
Jerry Levin, executive vice president of MacAndrews & Forbes Holdings Inc., the parent company of Revlon Inc, was named president of Revlon, effective immediately. He succeeds Sol Levine, 63, who intends to retire and become a consultant to the company.
May 14, 1993
Roy J. Karrell, founder of Los Angeles-based Visage Beaute, which made custom-blended cosmetics, has died at age 44. Karrell, who lived in Malibu, died Monday of AIDS. The Boston native began his career in makeup as a stock boy behind Bloomingdale's Elizabeth Arden counter in New York. He moved into management during stints with Chanel and Lancome, and rose to vice president of Halston Orlane.