News & Analysis on Cosmetics Innovation
As expected troubled cosmetics player Revlon has amended it bank credit agreement as a means of securing its short-term stability after the company chose to withdraw its much maligned Vital Radiance cosmetic line for old women.
With Avon in the midst of a major restructuring CEO Andrea Jung says that savings are going to be poured back into the company's future, with research and development, the internet and advertising targeted for major investment.
Global manufacturing and services provider General Electric has sold its GE Advanced Materials business, which includes its activities in the silicones area, to Apollo management company for $3.8bn.