Revlon profit turns to loss on costs and currency headwinds
Revlon posted flat sales and a net loss for its first quarter as costs attributable to branding and the negative impact of currency translations hit the business hard.
News & Analysis on Cosmetics Innovation
Revlon posted flat sales and a net loss for its first quarter as costs attributable to branding and the negative impact of currency translations hit the business hard.
The Dove skin care maker claims that by integrating sustainability into its business it is driving growth, cost efficiency and resilience for the future: proof that the company’s Sustainable Living Plan is on course.
The 3-D human tissue company Organovo filed a current report this week with the SEC stipulating the conditions of that company’s arrangement with L’Oréal USA, which is a game changer for cosmetics testing, biotech, and the nutraceutical market.
Avon has been the focus of much debate in recent months. Substantiated or not, sale rumors have led to spikes in the share prices, but things look ominously quiet now, as the company’s share price continues to dip.