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The Revlon (REV) news stream captures corporate developments, financial updates and restructuring milestones for a global beauty company with operations in color cosmetics, hair color and care, skincare, beauty care and fragrances. Company press releases have highlighted its multi‑brand portfolio, including Revlon, Elizabeth Arden, Almay, American Crew, CND, Cutex, Mitchum, Creme of Nature and a broad range of owned and licensed fragrance brands.
News for Revlon has included quarterly and annual financial results, where the company discusses net sales, operating income or loss, net income or loss and non‑GAAP measures such as Adjusted EBITDA. These releases often break down performance by segment—Revlon, Elizabeth Arden, Portfolio and Fragrances—and explain drivers such as changes in sales of specific brands, foreign currency impacts, gross margin shifts and restructuring or impairment charges.
A major theme in Revlon’s recent news has been its capital structure and Chapter 11 process. The company announced its voluntary Chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of New York, the approval of debtor‑in‑possession financing and subsequent steps in the restructuring, including a plan of reorganization and a restructuring support agreement. Additional releases have addressed the New York Stock Exchange’s decision to delist the company’s Class A common stock following the Chapter 11 filing and the expectation that shares would trade on over‑the‑counter marketplaces.
Beyond financial and restructuring updates, Revlon news has covered brand and leadership developments, such as appointments in the Elizabeth Arden and fragrance businesses and announcements from portfolio brands like American Crew. The company has also issued releases on initiatives such as its collaboration with Origin Materials to develop carbon‑negative materials for cosmetics packaging. Investors, researchers and industry observers can use this news history to follow how Revlon has managed its brand portfolio, reported segment performance and navigated its financial restructuring.
Revlon (NYSE:REV) has appointed Amber Garrison as the new leader of Elizabeth Arden brand and global Fragrance category, coinciding with Elizabeth Arden's 115th anniversary. Garrison brings over 20 years of experience, including 12 years in beauty and previously served as Global Brand President of Origins at The Estée Lauder Companies.
The strategic appointment comes as Elizabeth Arden celebrates its milestone anniversary with global initiatives, including a new brand spokesperson launch in China and consumer events in New York City. Garrison will be based in New York and will focus on driving innovation, accelerating growth, and strengthening brand engagement across the portfolio.
Revlon, Inc. announced its financial results for Q4 2022, reporting net sales of $589.8 million, down 4.1% from the previous year. The company faced a net loss of $178.5 million, driven by $172.7 million in Chapter 11-related charges. Operating income rose to $72.8 million, attributed to reduced selling and administrative expenses. For the full year, net sales dropped to $1.98 billion, with a substantial net loss of $673.9 million, impacted by reorganization expenses and higher tax provisions. Revlon is expected to emerge from Chapter 11 soon, significantly reducing its debt and capitalizing with new investments.
Revlon reported financial results for Q3 2022, revealing a 10.1% decline in net sales to $468.4 million, largely due to adverse foreign exchange impacts. The company also experienced a significant 62.2% decrease in operating income, resulting in a net loss of $152.8 million, compared to a loss of $53.1 million the previous year. The firm continues to navigate Chapter 11 restructuring, having secured $575 million in debtor-in-possession financing. As of September 30, 2022, liquidity totaled $273.4 million.
Revlon, Inc. (NYSE: REV) announced that its appeal against the NYSE Staff's decision to delist its Class A common stock has been rejected. This follows the Chapter 11 filing on June 15, 2022. The NYSE has suspended trading in Revlon’s Class A stock, which is expected to be delisted and trade on the OTC marketplace/pink sheets soon. Investors can find more information about the Chapter 11 process on the company's restructuring website.
American Crew has announced an expansion of David Raccuglia's role to Creative Director and Global Head of Education. Raccuglia, founder of American Crew, will oversee the brand's creative direction and education globally while remaining the brand's key photographer. He aims to innovate within the men’s grooming sector, which he helped establish almost 30 years ago. The brand, now under Revlon, boasts a comprehensive portfolio of premium grooming products available in over 30,000 locations worldwide.
Revlon, Inc. (NYSE: REV) announces the retirement of Chief Financial Officer Victoria Dolan, effective September 30, 2022. Matt Kvarda, Managing Director at Alvarez & Marsal, will serve as interim CFO starting October 1. CEO Debra Perelman expressed gratitude for Dolan's contributions and optimism for Kvarda's role in the company's restructuring process. Kvarda brings nearly 30 years of experience and has held interim CFO positions at multiple companies, including TEAM, Inc. (NYSE: TISI).
Revlon, Inc. (NYSE: REV) announced its Q2 2022 financial results, revealing a net sales decline of 11.0% to $442.6 million compared to $497.4 million the previous year. The company reported a net loss of $275.6 million, significantly higher than the prior year's loss of $67.7 million, driven by Chapter 11 bankruptcy-related costs and operational challenges. Gross profit decreased by 16.6%, with a gross margin drop of 370 basis points. The firm initiated voluntary Chapter 11 proceedings on June 15, 2022, supported by $575 million in debtor-in-possession financing to aid restructuring efforts.
Origin Materials (NASDAQ: ORGN, ORGNW) and Revlon (NYSE: REV) have announced a partnership to develop sustainable carbon negative materials for cosmetics packaging. This initiative aims to reserve commercial volumes of Origin PET to enhance Revlon's Responsible Sourcing sustainability goals. The collaboration will focus on accelerating the commercialization of innovative materials while addressing the challenges of the global supply chain. The partnership is expected to provide consumers with access to eco-friendly packaging.
Revlon, Inc. (NYSE: REV) has voluntarily filed for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York. This decision aims to restructure the company’s capital and address liquidity issues stemming from global supply chain challenges and inflation. Upon court approval, Revlon expects to receive
Revlon, Inc. reported a strong financial performance for Q1 2022, with net sales reaching $479.6 million, a 7.8% increase from the previous year. Operating income improved to $23.7 million, compared to a loss of $12.7 million in Q1 2021. Adjusted EBITDA grew to $58.4 million, up from $38.2 million. However, Revlon also recorded a net loss of $67.0 million, although less than the prior year's $96.0 million. The company emphasized its strategic focus on core brands and cost control amidst ongoing supply chain challenges, while total liquidity stood at $132.1 million.