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Revlon Staves Off Bankruptcy, Reports Q3 With Notes Of Optimism

 
• By Ryan Nelson

Revlon’s net sales fell approximately 20% to $477.1m in the third quarter, but the performance represents a sequential improvement compared with the second quarter, CEO Debra Perelman noted in a call with analysts. Having successfully closed a senior debt exchange offer on 13 November, Revlon will enter 2021 fully focused on strategic execution, she said.

earnings report

Revlon, Inc. has staved off bankruptcy with a hard-won exchange offer with investors, giving the company additional time to turn around its beleaguered business.

According to its 13 November announcement, Revlon compensated holders at discounted rates for close to 70% of $343m in senior...

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More from Business

Trump’s Latest Tariff Order Reheats Consumer Worries And Price Increases In Healthcare Sector

 
• By Malcolm Spicer

When consumer health and beauty firms announce results for current quarter, they likely will note trend many reported after first quarter, an uptick in revenues and volume due to consumer concern about Trump’s tariffs gambit leading to higher product prices.

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Henkel’s Consumer Brands division in the first half of the year declined 6.8%, reflecting ‘subdued’ consumer sentiment and destocking, though the negative trend eased up in the second quarter.

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