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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"