×
71 766
Fashion Jobs
MACY'S
Asset Protection Detective, Menlo Park - Full Time
Permanent · Edison
MACY'S
Manager, Merchandise Execution
Permanent · East Wenatchee
JCPENNEY CAREERS 2018
Product Manager - Customer Service Application & Associate Fulfillment Tools
Permanent · Plano
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Shafter
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Brookshire
ROSS STORES
Purchasing Supervisor
Permanent · Dublin
ROSS STORES
Store Protection Specialist
Permanent · Holmes
ROSS STORES
Store Protection Specialist
Permanent · Medford
ROSS STORES
District Manager
Permanent · Bakersfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · San Leandro
UNIQLO
Human Resources Coordinator - Emeryville, ca
Permanent · Emeryville
UNIQLO
Loss Prevention Supervisor- Westfield Valley Fair Mall
Permanent · Santa Clara
UNIQLO
Loss Prevention Agent (Full-Time) - Santa Monica Place
Permanent · Santa Monica
UNIQLO
Soho- Loss Prevention Agent
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Willowbrook Mall
Permanent · Wayne
UNIQLO
Visual Merchandising Manager- Great Mall, Milpitas ca
Permanent · Milpitas
UNIQLO
Loss Prevention Agent (Full-Time) - The Bloc
Permanent · Los Angeles
UNIQLO
Loss Prevention Manager
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Atlantic Terminal
Permanent · New York
UNIQLO
Loss Prevention Supervisor
Permanent · New York
UNIQLO
Loss Prevention Supervisor- Bay Street
Permanent · Emeryville
UNIQLO
Uniqlo Loss Prevention Agent- Chestnut Street
Permanent · Philadelphia
By
Reuters
Published
Nov 9, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Revlon shares jump on lender nod to credit amendments

By
Reuters
Published
Nov 9, 2009

- Shares of Revlon Inc (REV.N) jumped 28 percent to a new year-high on Monday 9 November after the cosmetics maker said its consumer products unit received lender consents to amend its bank term-loan and revolver credit agreements.


Revlon "Enchantment"

BMO Capital Markets raised Revlon to "outperform" from "market perform" and said the company's financial condition was "improving" and is now dealing with its debt load.

On Friday 6 November, the company said it got required lender consents to amend its credit agreements, allowing the unit to conduct certain refinancing transactions.

Revlon continues to make operational headway, has negotiated very favorable media rates through October 2010 and is now addressing its debt load, BMO analyst Connie Maneaty said in a note to clients.

"Things Are Looking Up," she said.

Revlon has generated share growth in lip makeup, regaining the number 1 spot with 22.3 percent of the market, with ColorStay Ultimate Liquid Lip being this year's 'big winner,' Maneaty said.

Earlier this month, Revlon said it was seeking to amend its credit agreements.

The company, which sells its products under brands such as Charlie and Mitchum, would see operating expenses decline as a percentage of sales, benefiting from job cuts and lower permanent display amortization expense, the analyst said.

Shares of the company, controlled by financier Ronald Perelman, leaped to touch a new year-high of $13.77. They were up 25 percent at $13.49 in morning trade on the New York Stock Exchange.

(Reporting by Vidya Lakshmi in Bangalore; Editing by Gopakumar Warrier)

© Thomson Reuters 2022 All rights reserved.