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 Thursday reported fourth-quarter net income of $2.7 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.
The beauty products maker posted revenue of $501 million in the period.
For the year, the company reported net income of $40.9 million, or 78 cents per share, swinging to a profit in the period. Revenue was reported as $1.94 billion.
Revlon shares have decreased slightly more than 3 percent since the beginning of the year. The stock has risen 20 percent in the last 12 months.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.