Avon Stock Dives on ‘Unsatisfactory’ Results
The beauty company's new CEO says it is implementing "near-term fixes" and "moving with deliberate urgency to design our turnaround plan."
Revlon Earnings Hit by Weak U.S. Retail Sales
The company posted “continuing declines across several beauty categories within the U.S. mass retail channel" in Q4.
S&P Lowers Revlon Credit Rating to ‘CCC+’
"We believe Revlon will face difficulties to meaningfully improve its credit metrics during fiscal 2018," the rating agency says.
Coty to Buy Online Seller Younique for $600M
The deal opens up a new beauty products distribution channel for Coty as it seeks to reduce its dependence on fragrances.
Burberry Restructuring Costs Hit Pretax Profit
The U.K. luxury goods company is pursuing a turnaround plan focused on cutting $124 million in costs and streamlining its product range.
Avon Stock Surges 15% on Q2 Earnings Beat
The beauty products company posted EPS of 7 cents and $1.43 billion in revenue as it continued to execute a turnaround plan.
Revlon to Acquire Elizabeth Arden for $870M
Elizabeth Arden's luxury skincare brands and celebrity fragrances could complement Revlon's strength in hair color and color cosmetics.