Revlon Names Fabian T. Garcia President, Chief Executive Officer
Fabian replaces Lorenzo Delpani, who stepped down from the role March 1. Lorenzo continues to serve on Revlon’s Board of Directors as a paid advisor.
Beauty’s Bottom Line: Revlon’s Next Move
In the Black is a new monthly financial column that will appear on Beauty Insider, covering relevant topics in the beauty financial and M&A world. Here, our debut column, which reveals Revlon’s plans for one of its color brands.
Revlon’s CEO Steps Down
Following an investor call—whereby Revlon reported a successful fourth quarter for its Consumer and Professional segments—Lorenzo Delpani, Revlon’s Chief Executive Officer, announced he was stepping down from his role, effective March 1.
Revlon Buys Global Scent Management Firm
Revlon has acquired CBBeauty, a global fragrance management company based in the U.K. The acquisition also included the U.K. distributor, SAS & Company.
Revlon’s New Positioning Shows The Love
The re-launch of Revlon and tying the brand to an emotional concept, such as love, looks to add context to the product experience, said Lorenzo Delpani, Revlon’s Chief Executive Officer.
Revlon Q2 Profit Dips
In response to whether Almay continues to fits in Revlon’s portfolio, Revlon President and CEO Lorenzo Delpani replied: “I want to make it clear that for us Almay is a core asset, it needs turnaround, and that’s no question about it. But it is a core asset.”
Revlon Q1 Boosted By Professional Division
Revlon’s mass consumer business – namely Revlon, Almay and Sinful brands – decreased slightly to $339.5 million, from $340 million a year ago, with profits of $71.5 million, down 6.8%.
Revlon Posts Q4, Year-End Loss
Revlon’s new president and CEO Lorenzo Delpani made his public debut this week hosting a call on the company’s yearend financial results, which yielded Revlon in the red.
