NEW YORK– Revlon Inc. announced that Fabian Garcia, president and chief executive officer of Revlon, has stepped down from his position to pursue other opportunities. Paul Meister, currently a member of Revlon’s board of directors, will become executive vice chairman of the board, overseeing day-to-day operations of the company on an interim basis. Garcia will stay
NEW YORK — Revlon Inc. is acquiring Elizabeth Arden Inc. in a deal valued at approximately $870 million. Revlon said that under the agreement, announced late Thursday, it will acquire all of the outstanding shares of Elizabeth Arden for $14 per share in cash, , which represents a 50% premium over Elizabeth Arden’s closing share
NEW YORK — Revlon Inc. has appointed Fabian Garcia to the post of president and chief executive officer, effective April 15. Garcia will also serve on Revlon’s board as well as the board of the company’s wholly owned operating subsidiary, Revlon Consumer Products Corp. Garcia comes to Revlon after spending 13 years at Colgate-Palmolive Co.,