Revlon Restructuring Efforts To Generate $30 Mil.-$40 Mil. In Annual Savings
This article was originally published in The Rose Sheet
Executive Summary
Revlon's second wave of recent corporate trimming is expected to generate annualized cost savings of $30 mil. to $40 mil., the company announced Jan. 11. The savings are a 38% increase over original projections of $25 mil. to $30 mil. in savings announced last fall ("The Rose Sheet" Oct. 5, 1998, p. 5). Revlon hopes to achieve $15 mil. to $20 mil. of the savings in 1999.