Announcement • Feb 18
Revlon, Inc. Announces Resignation of D.J. (Jan) Baker from the Board of Directors On February 17, 2023, Mr. D.J. (Jan) Baker, Esq., notified Revlon, Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”), effective immediately. The resignation is not the result of any disagreement with the Company with respect to any matter relating to the Company’s operations, policies or practices. Mr. Baker served on the Restructuring and Investigation Committees of the Board. Announcement • Jan 15
Revlon, Inc. Elects Paul Aronzon as Director On January 12, 2023, Paul Aronzon was elected as a director of the Board of Revlon, Inc. (the “ Company” or “ Revlon”), effective immediately. With this election, Revlon’s Board of Directors (the “ Board”) is comprised of 11 members, 8 of whom constitute independent directors under applicable SEC standards. Announcement • Oct 21
The New York Stock Exchange LLC Announces Decision to Suspend and Remove Revlon from the List The New York Stock Exchange LLC (‘NYSE’ or ‘Exchange’) announced that the staff of NYSE Regulation has determined to suspend trading in the Class A Common Stock of Revlon, Inc. from the NYSE. Trading in the Company’s Class A Common Stock was suspended after the market close on the NYSE on October 20, 2022. The staff suspended trading in the Company’s Class A Common Stock because the Committee for Review of the Board of Directors of the Exchange (the ‘Committee’) had issued a decision in which it upheld the Exchange’s previously announced determination to delist the Company’s Class A Common Stock. The NYSE previously announced on June 16, 2022 that it had commenced delisting proceedings with respect to the Company’s Class A Common Stock that same day, after the Company had disclosed its intention to file for protection under Chapter 11 of the Bankruptcy Code. The Company had the right to request a review of this delisting determination by the Committee. Accordingly, the NYSE has suspended trading in the Class A Common Stock and will now file a delisting application with the Securities and Exchange Commission. Announcement • Sep 29
Revlon Consumer Products Corporation and Revlon, Inc. Appoints Christine Chen as Interim Chief Accounting Officer & Controller Effective September 22, 2022, Christine Chen was appointed Interim Chief Accounting Officer & Controller for Revlon, Inc. and its wholly owned operating subsidiary, Revlon Consumer Products Corporation (RCPC, and together with Revlon, the Company). Prior to her appointment as Interim Chief Accounting Officer & Controller for the Company, Ms. Chen, age 42, served as Assistant Controller for the Company since June 2022. Prior to joining the Company, Ms. Chen served as VP Finance, Corporate Controller for Authentic Brands Group, LLC from 2014 to 2019. Ms. Chen served as Assistant Controller for Bulova Corporation from 2010 to 2014, and prior to that served as auditor for Grant Thornton LLP from 2005 to 2010. Ms. Chen is a Certified Public Accountant, with an M.B. A from Lubin School of Business, Pace University. Announcement • Sep 10
Revlon, Inc. Announces Resignation of Beril Yildiz as Chief Accounting Officer & Controller, Effective September 21, 2022 Revlon, Inc. announced that on September 1, 2022, Beril Yildiz resigned from role as Vice President, Chief Accounting Officer and Controller of each of the company and its direct, wholly-owned operating subsidiary, Revlon Consumer Products Corporation (RCPC and together with Revlon, the Company), effective September 21, 2022. Ms. Yildiz’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s financial reporting, policies or practices. Announcement • Aug 10
Revlon, Inc. Announces Changes in Finance Leadership Revlon, Inc. announced that Victoria Dolan is retiring as the Company’s Chief Financial Officer. Ms. Dolan will remain with Revlon until September 30, 2022 to ensure a smooth transition of her responsibilities. The Company also announced that Matt Kvarda, Managing Director at Alvarez & Marsal, will join as interim CFO, effective October 1. Mr. Kvarda will report directly to Debra Perelman, Revlon’s Chief Executive Officer (“CEO”). In his nearly 30 years of experience, Mr. Kvarda has served in interim leadership roles at numerous companies including as interim CFO at TEAM, Inc. and interim CFO at Jacuzzi Brands. Since joining A&M in 2004, he has led all aspects of the accounting and finance process. Prior to joining A&M, Mr. Kvarda was a Senior Director at KPMG LLP and also previously held leadership positions at Arthur Andersen & Co. and Bank of America. Announcement • Jun 13
Revlon, Inc. May File for Bankruptcy Revlon, Inc. may file for bankruptcy, as of June 11, 2022. The company may file for bankruptcy as it battles supply chain problems and a heavy debt load. New York-based Revlon struggled amid competition from Estee Lauder Cos. and a host of smaller companies using social media to lure customers. Sales had been declining years before the pandemic, which also hit the company hard. The company has more than $3 billion of long-term debt, and has narrowly averted multiple defaults by cutting debt deals with creditors. Reported Earnings • May 06
First quarter 2022 earnings released: US$1.24 loss per share (vs US$1.79 loss in 1Q 2021) First quarter 2022 results: US$1.24 loss per share (up from US$1.79 loss in 1Q 2021). Revenue: US$479.6m (up 7.8% from 1Q 2021). Net loss: US$67.0m (loss narrowed 30% from 1Q 2021). Over the next year, revenue is forecast to grow 4.6%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Announcement • May 03
Revlon, Inc. to Report Q1, 2022 Results on May 04, 2022 Revlon, Inc. announced that they will report Q1, 2022 results on May 04, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Victor Nichols was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Revlon, Inc., Annual General Meeting, Jun 02, 2022 Revlon, Inc., Annual General Meeting, Jun 02, 2022, at 10:00 US Eastern Standard Time. Agenda: To consider election of all 9 director nominees to the company’s board of directors for the coming year; to consider ratification of the appointment of kpmg llp as the company’s independent registered public accounting firm for 2022; to consider approval of the fifth amended and restated revlon, inc. stock plan; and to consider transaction of other business properly brought before the 2022 annual meeting or any adjournment. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$3.84 loss per share (up from US$11.59 loss in FY 2020). Revenue: US$2.08b (up 9.2% from FY 2020). Net loss: US$206.9m (loss narrowed 67% from FY 2020). Revenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 11%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Announcement • Mar 03
Revlon, Inc. to Report Q4, 2021 Results on Mar 03, 2022 Revlon, Inc. announced that they will report Q4, 2021 results on Mar 03, 2022 Reported Earnings • Nov 08
Third quarter 2021 earnings released: US$0.98 loss per share (vs US$0.83 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$521.1m (up 9.2% from 3Q 2020). Net loss: US$53.1m (loss widened 19% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 21% per year. Reported Earnings • May 11
First quarter 2021 earnings released The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$445.0m (down 1.8% from 1Q 2020). Net loss: US$96.0m (loss narrowed 55% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 13
Full year 2020 earnings released: US$11.59 loss per share (vs US$3.11 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.90b (down 21% from FY 2019). Net loss: US$619.0m (loss widened 275% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 18% per year. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 17%, compared to a 5.4% growth forecast for the Personal Products industry in Germany. Announcement • Mar 10
Revlon, Inc. to Report Q4, 2020 Results on Mar 11, 2021 Revlon, Inc. announced that they will report Q4, 2020 results on Mar 11, 2021 Announcement • Dec 24
Revlon Announces Trademark License Agreement with Helen of Troy Limited On December 22, 2020, certain of the subsidiaries of Revlon, Inc. and Helen of Troy Limited entered into a Trademark License Agreement to combine and revise the existing licenses that are in place between the parties. The Agreement grants the Licensee the exclusive right to use the Revlon" brand in connection with the manufacture, display, advertising, promotion, labeling, sale, marketing and distribution of certain hair and grooming products until December 31, 2060 (with 3 additional 20-year renewal periods) in exchange for a one-time, upfront cash fee of $72,500,000. Announcement • Dec 09
Revlon, Inc. Appoints Martine Williamson as Its Chief Marketing Officer Revlon, Inc. announced that Martine Williamson has been appointed as the Company’s Chief Marketing Officer. In this role, Williamson will be central to creating and spearheading global strategic plans across the brand portfolio and overseeing Revlon’s overall brand equity and architecture. Williamson officially joined the Company on December 7, 2020 and reports to Revlon’s President and CEO, Debra Perelman. Williamson most recently served as Strategic Marketing Advisor at Topix Pharmaceuticals, where she was responsible for brand incubation, building their D2C capabilities, spearheading the relaunch of a premium skincare brand, and creating the brand’s strategy and brand visual identity. Prior to Topix, Williamson was the EVP and CMO at Glansaol. During her time at Glansaol, Williamson completed the acquisition of three complementary brands: Laura Geller, Julep and Clark’s Botanicals. She also led the Laura Geller brand as the President and GM, improving the brand’s profitability, refining its positioning, driving digital and e-commerce and streamlining distribution. Williamson also has a long history with Revlon. From 2001 to 2015, she worked as part of both Revlon’s Global and U.S. Marketing teams across all color cosmetics categories. Williamson led a number of functions and teams including the Revlon Brand Communication Strategy; the Retail Merchandising Team, where she rolled out a globally consistent merchandising strategy across all global markets; and the Walmart Marketing team, where she helped develop the strategy to make Walmart a dependable beauty destination. In her most recent role at Revlon, she was the SVP of Global Marketing. Announcement • Nov 12
Revlon, Inc. to Report Q3, 2020 Results on Nov 12, 2020 Revlon, Inc. announced that they will report Q3, 2020 results at 12:00 PM, GMT Standard Time on Nov 12, 2020 Announcement • Nov 07
Revlon, Inc. announced delayed 10-Q filing On 11/06/2020, Revlon, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Is New 90 Day High Low • Oct 27
New 90-day low: €4.38 The company is down 22% from its price of €5.65 on 29 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 10
New 90-day low: €5.25 The company is down 34% from its price of €7.95 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 5.0% over the same period. Announcement • Sep 21
Revlon, Inc.(NYSE:REV) dropped from S&P Global BMI Index Revlon, Inc.(NYSE:REV) dropped from S&P Global BMI Index Announcement • Aug 06
Revlon, Inc. to Report Q2, 2020 Results on Aug 06, 2020 Revlon, Inc. announced that they will report Q2, 2020 results on Aug 06, 2020 