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Revlon Sees Lower 2006 Sales

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By: TOM BRANNA

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Revlon Inc., the cosmetics company controlled by financier Ronald Perelman, forecast lower growth in 2006, due to weaker-than-expected sales growth amid disappointing performance of its Almay and Vital Radiance brands. The company also said it would delay a planned $75 million stock sale and refinancing of its credit facility, and slash costs across the business. Revlon projected 2006 adjusted earnings before interest, taxes, depreciation, amortization and other one-time items at or below ...

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