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. on Friday reported a first-quarter loss of $37.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 71 cents. Losses, adjusted for one-time gains and costs, were 23 cents per share.
The beauty products maker posted revenue of $594.9 million in the period.
Revlon shares have dropped 13 percent since the beginning of the year. The stock has dropped 31 percent in the last 12 months.
Former Estée Lauder executive Raffaella Cornaggia has been named CEO of the unit, which will develop beauty for the French group’s brands, including Bottega Veneta, Balenciaga and Alexander McQueen.
The LVMH-owned beauty retailer asked a federal judge to dismiss a lawsuit alleging its “Clean at Sephora” designation is false advertising.
Overtly sexual marketing has long been a selling point in beauty, but the makeup artist is pushing boundaries with a new collection of lip colours in anatomically correct tubes.
The publisher will bring its youth-centric POV to the beauty space with a dedicated section, launching Feb. 2.