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$104 million transaction for Bozzano, more
July 28, 2008
By: TOM BRANNA
Editor
Revlon, Inc. announced the sale of its non-core Bozzano brand, a men’s hair care and shaving line, and certain other non-core brands sold in the Brazilian market. The transaction was effected through the sale of the company’s Brazilian subsidiary to Hypermarcas, S.A., a Brazilian diversified consumer products corporation. The gross purchase price was approximately $104 million in cash. In the results for the third quarter of 2008, Revlon expects to record a one-time gain from this transactio...
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