NEW YORK — Shares of Revlon Inc. fell 6.7 percent to $19.16 Thursday after the beauty company swung to a first-quarter loss, due in part to hefty refinancing charges.
For the period ended March 31, the firm reported a loss of $6.9 million, or 13 cents a diluted share, compared with a year-ago profit of $8.5 million, or 16 cents a share. The company attributed the bulk of the quarterly loss to a $16.9 million after-tax charge related to the 2013 refinancing of its senior notes and the amendment of its bank term loan.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)