In June, Revlon announced the acquisition of prestige color and fragrance company Elizabeth Arden. By September the deal was final. Last month Revlon began streamlining the two businesses, and now this week the company has begun employee layoffs.
That’s the question majority owner Ron Perelman is asking—late last week he filed a statement with the US Securities and Exchange Commission declaring that his investment firm is exploring strategic alternatives involving the company.
Avon Products says it has reached a preliminary deal with the U.S. Department of Justice and the U.S. Securities Commission that should put an end to years of investigation into its overseas practices.
It’s barely been a week since Revlon made headlines agreeing to pay out a $850,000 fine to settle claims that it misled shareholders, now its chairman Ron Perelman has been thrust into the spotlight for allegedly bankrolling his daughter’s legal battle...
The brother of Bare Escentuals’ former director of tax is being accused of using confidential information regarding Shiseido’s acquisition of the company to inform his purchases of stock.
The Securities and Exchange Commission has settled a civil charges case filed against the Derma Wand retailer International Commercial Television over allegations of accounts fraud.
The Securities and Exchange Commission has filed charges against two French nationals, accusing them of insider trading over the sale of Chattem to Sanofi-Aventis.
Shareholders are demonstrating their dislike of the recent action
taken by Parlux Fragrance executive by filing a succession of
lawsuits claiming that company insiders had misled shareholders by
issuing misleading statements.
The CEO of Parlux has capitalized on the recent success of the
company he heads by cashing in on shares he owned indirectly in the
business, gaining a cool $11.67 million in the process.
