Revlon facility on fire in Venezuela

- Last updated on GMT

Related tags: Latin america

A fire broke out at cosmetics and personal care giant Revlon’s facility, based in Venezuela, on Sunday 5th June 2011.

Revlon is said to be evaluating the extent of the damage and the impact on its business within the Latin American region; the company has stated that the fire destroyed a substantial portion of its facility.

The company has also stated that the facility was not operating on Sunday and therefore, no employees were on site during the fire.

As a subsidiary of Revlon, net sales in Venezuela in 2010 accounted for approximately three percent of its total net sales; furthermore, the Venezuelan facility’s total assets made up three percent of the company’s total assets.

Related topics: Business & Financial

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