×
48 170
Fashion Jobs
VICTORIA'S SECRET
Brand Operations Manager-Crossgates Mall vs
Permanent · Albany
BATH & BODY WORKS
Manager, Digital Merchandising
Permanent · Reynoldsburg
VICTORIA'S SECRET
Director, Marketing Operations
Permanent · New York
VICTORIA'S SECRET
Brand Operations Manager-The Mall in Columbia
Permanent · Columbia
JCPENNEY
Director, Omni Creative Marketing
Permanent · Plano
JCPENNEY
Buyer - Juniors
Permanent · Plano
JCPENNEY
sr Buyer - Intimates
Permanent · Plano
JCPENNEY
Corporate Senior Specialist - Asset Protection
Permanent · Plano
JCPENNEY
Transportation Manager - Dallas, tx
Permanent · Plano
JCPENNEY
Director, Inclusion & Diversity - Human Resources
Permanent · Plano
JCPENNEY
Manager - IT Support And Operations
Permanent · Plano
JCPENNEY
HR Senior Specialist - Benefits/Retirement
Permanent · Plano
JCPENNEY
Design Director - Active
Permanent · Plano
JCPENNEY
Product Manager - Customer Service & Pick Pack Applications
Permanent · Plano
NEIMAN MARCUS
Marketing Manager, Esg / ps
Permanent · Dallas
NEIMAN MARCUS
Loss Prevention Investigator
Permanent · Dallas
NEIMAN MARCUS
sr Manager Group Sales - Las Vegas
Permanent · Las Vegas
NEIMAN MARCUS
Supply Chain Project Analyst
Permanent · Irving
NEIMAN MARCUS
Sales Support Manager - Las Vegas
Permanent · Las Vegas
NEIMAN MARCUS
Sales Manager, Women's Apparel - Fashion Island
Permanent · Newport Beach
NEIMAN MARCUS
Sales Experience Director - Las Vegas
Permanent · Las Vegas
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time: Livermore
Permanent · Livermore
By
Reuters API
Published
Mar 10, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Revlon to cut 1,000 positions, continues to explore options

By
Reuters API
Published
Mar 10, 2020

Revlon Inc said on Monday it expected to save up to $230 million a year by 2022 end, mainly by eliminating nearly 1,000 positions, in a bid to improve profitability even as it continues to explore options along with Goldman Sachs.


Revlon


The cosmetics maker has been struggling to attract youngsters in a competitive market that houses several upstart brands, including actor Millie Bobby Brown's Florence by Mills vegan cosmetics, and bigger companies such as L'Oreal and Estee Lauder .

Its sales has declined for at least five quarters. Revlon posted preliminary fourth-quarter revenue of $699.4 million, well below market estimates of $755.4 million, hit by weak demand for its fragrances and namesake products.

It said it expects to incur between $55 million and $65 million in charges in 2020, mainly due to severance and contract termination costs.

Its biggest shareholder MacAndrews and Forbes, the holding company through which billionaire Ronald Perelman owns about 87% stake in Revlon, had said in August last year that the cosmetics maker was exploring options for its business.

The company also said it has entered to an agreement with Jefferies Finance LLC for $850 million in new finance to repay senior loans due in February 2021 and 2019 term loan. The company had long-term debt of $2.91 billion as of Dec. 31.
 

© Thomson Reuters 2021 All rights reserved.