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November 1, 2000
By: TOM BRANNA
Editor
Despite narrowing third quarter losses, Revlon said it plans to close two of its North American operations and eliminate 1,175 jobs, or about 14% of its 8,400 worldwide work force. For the third quarter ended Sept. 30, the company recorded a net loss of $26.3 million, compared to a net loss of $164.7 million a year ago. Excluding a $13.7 million restructuring charge, the company lost $12.6 million.Revenues fell 22% to $351.9 million, compared with sales of $452.4 million in the year ago quarter....
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