Under ceo Fabian Garcia, Revlon plans to grow into a $5 billion company in five years.
Lagerfeld likely will join Lauren in dressing the incoming First Lady.
Sales for Avon’s third quarter dropped, but it is ahead of schedule with its restructuring plan.
Avon’s net sales were down 2 percent in the third quarter.
Lauder’s Tom Ford and Smashbox brands posted double-digit gains for the quarter, driven by lip products and specialty-multi, respectively.
The brow category was up 37 percent for the third quarter.
The company reported stable net sales Tuesday, at $16.5 billion.
The firm’s sales were pushed upward by numbers from Coach, Abercrombie & Fitch and Hollister.