Revlon Completes Acquisition of CBBeauty and SAS & Company
Apr 30, 2015
CBBeauty distributes and markets perfumes and beauty products under the One Direction brand in more than 80 countries around the world and provides international sales, marketing and strategic services to a select number of celebrity and fashion fragrance brands.
Commenting on Revlon’s acquisition of CBBeauty and
“Revlon’s acquisition of CBBeauty marks the beginning of a very exciting future for the business model we have created,” said Mr. Brondi. “We are thrilled to partner with Revlon’s team to accelerate the growth of our business, by leveraging Revlon’s significant capabilities and resources, while keeping an independent management and remaining true to our motto “big enough to matter and small enough to care.”
“We are delighted to join Revlon, a company that will complement SAS & Company’s existing expertise in distribution and in product development for beauty and fragrances,” said Ms. Smyth.
About Revlon:
Revlon is a global cosmetics, hair color, hair care and hair treatments,
beauty tools, men’s grooming products, anti-perspirant deodorants,
fragrances, skincare, and other beauty care products company, which
operates in two segments, the consumer division (“Consumer”) and the
professional division (“Professional”). CEO
About CBBeauty:
CBBeauty is a manufacturer and distributor of designer and celebrity fragrances, cosmetics and skincare products. Acting as a long-term brand builder, CBBeauty works alongside a strong international network of distributors and retailers in prestige distribution reaching 20,000 points of sales in over 80 markets. CBBeauty’s vision is to provide brands with the focus, creativity, flexibility and personal touch of a small dedicated team with the reach and connections of a large global company. CBBeauty can implement business models tailor-made to the needs of each brand, including international or regional distribution, licensing, joint venture, global advisor, and agent and service provider. CBBeauty’s brands include Our Moment by One Direction, which was the largest celebrity fragrance launch and the biggest female launch in most markets in 2013. Additional information regarding CBBeauty can be reached at www.cbbeauty.com.
About
Founded in 2010 by
Forward-Looking Statements
Statements made in this press release, which are not historical facts,
are forward-looking. Forward-looking statements speak only as of the
date they are made and, except for the Company's ongoing obligations
under the U.S. federal securities laws, the Company undertakes no
obligation to publicly update any forward-looking statement, whether to
reflect actual results of operations; changes in financial condition;
changes in general U.S. or international economic or industry conditions
and/or conditions in the overall Consumer and/or Professional segments;
changes in estimates, expectations or assumptions; or other
circumstances, conditions, developments or events arising after the
issuance of this press release. Such forward-looking statements include,
without limitation, statements as to the Company’s beliefs, expectations
and estimates about: (i) continuing to focus on our Strategy of Value
Creation to boldly grow Revlon and being confident that this acquisition
will provide us with a business and people platform for significant
growth in the global fragrance business; (ii) Revlon’s acquisition of
CBBeauty marking the beginning of a very exciting future for the
business model that CCBeauty has created, and that partnering with
Revlon’s team will accelerate the growth of our business by leveraging
Revlon’s significant capabilities and resources, while keeping an
independent management and remaining true to CBBeauty’s motto “big
enough to matter and small enough to care;” and (iii) Revlon
complementing SAS & Company’s existing expertise in distribution and in
product development for beauty and fragrances. Actual results may differ
materially from such forward-looking statements for a number of reasons,
including those set forth in our filings with the
Source:
Revlon, Inc.
Investor Relations, 212-527-5230