Financial News

Revlon Attempts To Optimize Business

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By: TOM BRANNA

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After years of declining sales, most recently posting a 2.0% decline in Q3 sales and a 1.7% decline for the nine months, Revlon is initiating a program to streamline operations, reporting structures and business process; i.e., more cuts are on way. The new 2018 Optimization Program is designed to maximize productivity and improve profitability, cash flows and liquidity. Revlon expects that the actions to be implemented under the 2018 Optimization Program will be substantially completed by Dec...

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