- Revlon (REV) will incur a $22M charge related to its restructuring moves in China and elsewhere.
- After ceasing operations in China and accounting for the other restructuring moves, Revlon expects to realize annualized cost reductions of approximately $11M.
- The company saw sales drop in China last year. Analysts note Revlon's product mix was off trend and priced higher than alternatives in some cases.
- SEC Form 8-K
More on Revlon's withdrawal from China
Dec 31 2013, 08:30 ET