Revlon Inc. is expanding its restructuring efforts, again.
The latest restructuring effort, called the Revlon Global Growth Accelerator, is meant to allow the beauty company to reinvest in its brands to drive sales and profit growth.
Revlon said it would work to boost organic growth for its brands in order to deliver a mid-single compound average annual growth rate through 2023, reduce annual costs by between $75 million and $95 million through 2023, and enhance capabilities and employee skill sets in order to promote agility and deliver transformational change.
The new plan one of several restructuring efforts the company has unveiled in recent years is meant to focus on the Revlon and Elizabeth Arden brands in key markets and channe…
Read the full article at: https://wwd.com/beauty-industry-news/beauty-features/revlon-expands-restructuring-efforts-1234821135/