NEW YORK — To keep pace with its cranked up innovation pipeline and to trim costs, Revlon will reorganize its marketing group in a move that will eliminate 2.5 percent of its global workforce.The company announced Wednesday that it would consolidate its marketing operations, which include creative and brand groups and customer marketing — previously considered a sales function. The newly integrated marketing group will be co-led by the company’s executive vice president and chief marketing officer, Stephanie Klein Peponis, and Rochelle Udell, executive vice president and chief creative officer for Revlon.The company expects to take a $10 million charge related to severance and additional expenses, which will primarily impact Revlon’s first quarter results. The firm expects the cost-cutting effort to generate $15 million, most of which will benefit 2006.The bulk of the 165 job cuts, which include 90 U.S. employees, will come from the company’s marketing, sales and North American finance functions, said a company spokeswoman, who added that the cuts do not include any senior leadership positions. The realignment is designed to speed decision making across its businesses, which currently include cosmetics, beauty tools, hair care and its newly created prestige fragrance division.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)