The beauty group announced a 2% decline in Q1 sales on Monday and revealed the Revlon Global Growth Accelerator, an expansion of its existing restructuring plan focusing on the group’s Revlon and Elizabeth Arden brands.
Currently reviewing the possibility of a sale, Revlon announced declining revenues and widening losses for Q3 on Friday, as weaknesses in its North American business took their toll on the company’s top line.
L'Oreal's virtual reality business ModiFace will provide make-up testing technology to Amazon, the French beauty group said on Tuesday, allowing users to try on lipsticks using mobile phone videos or photos.
Revlon Inc. on Thursday reported a dip in first-quarter net sales for the three months ending March 31, adding both its namesake and Elizabeth Arden brands saw strong revenue growth as it narrowed net losses.
Revlon Inc reported on Monday a net sales drop for the fourth quarter 2018, but narrowed profit losses, adding that it expects to disclose "material weakness" in its internal control over financial reporting for 2018.