Revlon to buy Colomer Group


August 6, 2013 | By RetailME Bureau

New York-based cosmetics maker Revlon Inc has agreed to buy the Colomer Group – manufacturer and distributer of a broad line of leading salon and retail hair and nail care products – for about $660 million in cash from CVC Capital Partners in order to boost its offerings targeted at professional salon customers. The acquisition is expected to close in the fourth quarter.

In order to widen its product line for salon-focused businesses, Revlon has been introducing new products and buying brands as sales in some of its larger lines remain sluggish. The Colomer Group takeover will add the Creative Nail professional and Shellac nail polishes as well as American Crew men’s hair care products to Revlon’s current product range.

The Colomer Group acquisition will also give Revlon some geographic diversity. The company gets about half of its sales from Europe, the Middle East and Africa and about 40% from the US, while Revlon recorded 56% of its sales from the US last year, according to Bloomberg.

 

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto




Download Images RetailME Magazine