Company News

Revlon To Get Funding from Perelman Firm

Author Image

By: TOM BRANNA

Editor

Revlon Inc., the debt-laden cosmetics company, said a firm owned by Revlon chairman Ronald Perelman has agreed to provide up to $150 million to help grow Revlon’s business.But steps needed to improve the business, including price cuts and elimination of some products, should cut $90 million to $130 million from earnings over the next several quarters, beginning in the fourth quarter, the company said. Perelman’s wholly owned MacAndrews & Forbes would provide a $100 million senio...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters