REVLON WILL RECOGNIZE CHARGES: Revlon Inc. said Friday that it will recognize restructuring costs of between $45 million to $50 million in connection with the integration of The Colomer Group Participations S.L., which it acquired in October.
This story first appeared in the February 3, 2014 issue of WWD. Subscribe Today.
The charges will results in annualized cost reductions of $30 million to $35 million, with between $10 million and $15 million from these reductions expected to benefit 2014 results.
Some of the charges are employee-related and are connected with severance and other contractual termination benefits.
The company said it will post fourth-quarter and full-year results for the periods ended Dec. 31 on March 5.