The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Revlon Inc. named Fabian Garcia as its next chief executive officer, turning to a Colgate-Palmolive Co. veteran to revamp the cosmetics company.
Garcia will take the reins on April 15, the New York-based company said in a statement Monday. The 56-year-old also will serve on Revlon’s board. The company’s last CEO, Lorenzo Delpani, stepped down on March 1.
Garcia joins Revlon at an unsettled moment for the maker of makeup, hair-care products and fragrances. MacAndrews & Forbes, the investment firm that owns 78 percent of Revlon, said in January that it was considering “strategic alternatives” for the business.
Billionaire Ron Perelman, who runs MacAndrews & Forbes, said on Monday that Garcia had shown a track record of success driving sales and profits at Colgate. “He has the global strategic, marketing, sales, financial and operational leadership experience to successfully lead Revlon into the future,” he said in the statement.
Perelman gained control of New York-based Revlon in 1985 using cash raised with the help of former junk-bond chief Michael Milken. He sought to take the cosmetics maker private in 2009, prompting a lawsuit from other investors that he agreed to settle.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.