07.02.14
New York, NY
212.572.4000
www.revlon.com
Sales: $1.5 billion. Net loss: $5.8 million.
Key Personnel: Ronald O. Perelman, chairman; Lorenzo Delpani, president and chief executive officer; Lawrence Alletto, executive vice president, chief financial officer and chief administrative officer; Javier Asarta, executive vice president, chief marketing officer, Revlon Pro Brands; Xavier Garijo, executive vice president, chief supply chain officer; Alan Meyers, executive vice president, chief science officer; Sennen Pamich, executive vice president, global president, Revlon Professional; Gianni Pieraccioni, executive vice president, global president, Revlon consumer division; Lucinda Treat, executive vice president, chief legal, human resources, compliance and corporate affairs officer.
Major Products: Consumer—Revlon, Almay, SinfulColors and Pure Ice color cosmetics; Revlon ColorSilk hair color, Revlon beauty tools, Charlie fragrances, Mitchum antiperspirant and deodorants, and Ultima II and Gatineau skin care. Professional—Revlon Professional, Intercosmo, Orofluido, American Crew and UniqOne hair care; CND, CND Shellac and CND Vinylux nail polishes.
New Products: Revlon Age Defying anti-aging skin care, Color Burst Lacquer Balm and Matte Balm color cosmetics; Revlon Bold Lacquer mascara; Revlon Electric Chrome nail enamel, Rio Rush color cosmetics, Revlon by Marchesa beauty tools; American Crew Alternator, styling and finishing spray.
Comments: What’s old is new again at Revlon as the company reacquired Colomer in October for more than $664 million in cash. Back in 2000, Revlon sold Colomer to an investment group for $315 million. It’s not exactly the kind of investment move that Warren Buffet would make, but the reacquired Colomer gives Revlon more access to the professional hair care industry. Not only is Revlon bigger, company executives are also promising bigger, better innovations—a concept that hasn’t really applied to Revlon in years, as the company’s been used as a personal piggy bank for its chairman, Ronald Perelman. But that’s just what management insists in the strategy going forward.
As a result of the Colomer acquisition, Revlon now operates in two segments, consumer (consisting of Revlon’s pre-acquisition brands) and Professional (all the brands that came over in the Colomer deal). In 2013, Colomer added nearly $117 million in sales to Revlon’s top line. Without the addition of Colomer, Revlon’s sales would have dipped about 1%.
The company said sales gains attributed to Revlon, SinfulColors and Pure Ice color cosmetics, as well as Revlon beauty tools and ColorSilk hair color, were offset by lower Almay sales and problems in Venezuela. The company noted that US sales were flat last year, while sales in Asia-Pacific fell 2.2% to about $209 million and sales in Europe, the Middle East and Africa fell 2.3% to $180 million. Sales in Latin America and Canada dropped 5% to about $193 million.
Following the Colomer acquisition, Revlon named Lorenzo Delpani as president and chief executive officer. He replaced David Kennedy, who continues to serve as vice chairman.
In December, Revlon decided to discontinue operations in China. Last year, Revlon spent $26.9 million on research and development activities.
Earlier this year, Chris Elshaw stepped down as executive vice president and chief operating officer.
For the first quarter of 2014, sales increased 4.4% to nearly $470 million. Domestic sales improved nearly 8% to $250 million, while international sales increased less than 1% to nearly $220 million.
212.572.4000
www.revlon.com
Sales: $1.5 billion. Net loss: $5.8 million.
Key Personnel: Ronald O. Perelman, chairman; Lorenzo Delpani, president and chief executive officer; Lawrence Alletto, executive vice president, chief financial officer and chief administrative officer; Javier Asarta, executive vice president, chief marketing officer, Revlon Pro Brands; Xavier Garijo, executive vice president, chief supply chain officer; Alan Meyers, executive vice president, chief science officer; Sennen Pamich, executive vice president, global president, Revlon Professional; Gianni Pieraccioni, executive vice president, global president, Revlon consumer division; Lucinda Treat, executive vice president, chief legal, human resources, compliance and corporate affairs officer.
Major Products: Consumer—Revlon, Almay, SinfulColors and Pure Ice color cosmetics; Revlon ColorSilk hair color, Revlon beauty tools, Charlie fragrances, Mitchum antiperspirant and deodorants, and Ultima II and Gatineau skin care. Professional—Revlon Professional, Intercosmo, Orofluido, American Crew and UniqOne hair care; CND, CND Shellac and CND Vinylux nail polishes.
New Products: Revlon Age Defying anti-aging skin care, Color Burst Lacquer Balm and Matte Balm color cosmetics; Revlon Bold Lacquer mascara; Revlon Electric Chrome nail enamel, Rio Rush color cosmetics, Revlon by Marchesa beauty tools; American Crew Alternator, styling and finishing spray.
Comments: What’s old is new again at Revlon as the company reacquired Colomer in October for more than $664 million in cash. Back in 2000, Revlon sold Colomer to an investment group for $315 million. It’s not exactly the kind of investment move that Warren Buffet would make, but the reacquired Colomer gives Revlon more access to the professional hair care industry. Not only is Revlon bigger, company executives are also promising bigger, better innovations—a concept that hasn’t really applied to Revlon in years, as the company’s been used as a personal piggy bank for its chairman, Ronald Perelman. But that’s just what management insists in the strategy going forward.
As a result of the Colomer acquisition, Revlon now operates in two segments, consumer (consisting of Revlon’s pre-acquisition brands) and Professional (all the brands that came over in the Colomer deal). In 2013, Colomer added nearly $117 million in sales to Revlon’s top line. Without the addition of Colomer, Revlon’s sales would have dipped about 1%.
The company said sales gains attributed to Revlon, SinfulColors and Pure Ice color cosmetics, as well as Revlon beauty tools and ColorSilk hair color, were offset by lower Almay sales and problems in Venezuela. The company noted that US sales were flat last year, while sales in Asia-Pacific fell 2.2% to about $209 million and sales in Europe, the Middle East and Africa fell 2.3% to $180 million. Sales in Latin America and Canada dropped 5% to about $193 million.
Following the Colomer acquisition, Revlon named Lorenzo Delpani as president and chief executive officer. He replaced David Kennedy, who continues to serve as vice chairman.
In December, Revlon decided to discontinue operations in China. Last year, Revlon spent $26.9 million on research and development activities.
Earlier this year, Chris Elshaw stepped down as executive vice president and chief operating officer.
For the first quarter of 2014, sales increased 4.4% to nearly $470 million. Domestic sales improved nearly 8% to $250 million, while international sales increased less than 1% to nearly $220 million.