NEW YORK--(BUSINESS WIRE)--
Revlon Consumer Products LLC (NYSE:REV) announced that Mr. Serge Jureidini will be
joining the Company as President, Elizabeth Arden & Fragrances,
reporting directly to Mr. Fabian Garcia, President & CEO of Revlon.
Mr. Jureidini spent nearly 20 years at L'Oréal in management roles of
increasing responsibility in the Luxury Division in EMEA, Asia and North
America, including his latest positions in New York as President of the
Designer Fragrances Division and President of Lancôme USA. Most
recently, Mr. Jureidini served as President and CEO of Arcade Beauty, a
private equity owned global company focused on multisensory sampling
solutions for the beauty industry.
Mr. Garcia stated, "As we continue to build and strengthen our portfolio
of iconic brands, Serge's over 25 years of experience in the beauty
industry, across all product categories, as a supplier to the industry
and leading brands in the prestige channel, will help us achieve our
growth ambitions. His extensive knowledge of the prestige and specialty
channels and leadership experience with both multi-category franchise
brands and fine fragrances make him a great fit for this strategic role.
We are delighted to have Serge join the team of industry leaders that we
are assembling to advance our growth strategy and position Revlon as a
world-class beauty leader."
In his new role, Mr. Jureidini will lead the strategic direction and
growth priorities for both the Elizabeth Arden brand and Global
Fragrances. Mr. Jureidini will succeed both Ms. JuE Wong, President,
Elizabeth Arden, who has decided to leave the Company, effective March
31, 2017, and Mr. George Cleary, President Fragrances, who has recently
left the Company.
About Revlon Consumer Products LLC
Revlon has developed a long-standing reputation as a color authority and
beauty trendsetter in the world of color cosmetics and hair care. Since
its breakthrough launch of the first opaque nail enamel in 1932, Revlon
has provided consumers with high quality product innovation, performance
and sophisticated glamour. In 2016, Revlon acquired the iconic Elizabeth
Arden® portfolio of brands, including its leading designer, heritage and
celebrity fragrances. Today, the Revlon Beauty's Group's diversified
portfolio of brands is sold in approximately 150 countries around the
world in most retail distribution channels, including mass, salon and
prestige. Revlon ranks among the top 20 global beauty companies, with
product offerings in color cosmetics, skincare, hair color and care,
beauty tools, men's grooming products, anti-perspirant deodorants and
other beauty care products fragrances under brands such as Revlon,
Elizabeth Arden, Revlon ColorSilk, Revlon Professional, American Crew,
Almay, Mitchum, Cutex, Elizabeth Taylor, Britney Spears, Juicy Couture,
Curve, John Varvatos and Christina Aguilera. Please visit http://www.revlon.com
for the latest news and information about Revlon and its brands.
Forward-Looking Statements
Statements made in this press release, which are not historical facts,
including statements about the Company's plans, strategies, focus,
beliefs and expectations, are forward-looking and are subject to the
Private Securities Litigation Reform Act of 1995. 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, industry or cosmetics category conditions;
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 expectations and
beliefs that (i) as we continue to build and strengthen our portfolio of
iconic brands, Mr. Jureidini's experience in the beauty industry will
help us achieve our growth ambitions; and (ii) the team of industry
leaders that we are assembling will advance our growth strategy and
position Revlon as a world-class beauty leader. Actual results may
differ materially from such forward-looking statements for a number of
reasons, including those set forth in our filings with the SEC,
including, without limitation, our Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that we
have filed or will file with the SEC during 2017 (which may be viewed on
the SEC's website at http://www.sec.gov or
on our website at http://www.revloninc.com),
as well as reasons including: (i) difficulties with, delays in and/or
the Company's inability to achieve its long-term growth aspirations,
such as due to unanticipated circumstances or results affecting the
Company's financial performance, including decreased consumer spending
in response to weak economic conditions or weakness in the consumption
of beauty care products; adverse changes in foreign currency exchange
rates; decreased sales of the Company's products as a result of
increased competitive activities by the Company's competitors and/or
decreased performance by third party suppliers; changes in consumer
preferences, such as reduced consumer demand for the Company's products
or lower than expected customer and/or consumer acceptance of the
Company's existing or new products; lower than expected results from the
Company's advertising, promotional, pricing and/or marketing plans;
higher than expected sales returns related to any reduction of space
and/or inventory management by the Company's customers; changes in
consumer purchasing habits, including with respect to retailer
preferences and/or among sales channels; and/or higher than expected
synergy and integration program costs and expenses related to the
Elizabeth Arden acquisition; (ii) difficulties with, delays in and/or
the Company's inability to assemble an experienced, passionate and
talented leadership team that will help realize the combined
organization's vision and growth ambitions, including, without
limitation, due to one or more the factors referred to in clause (i)
immediately above; and/or (iii) less than anticipated benefits from Mr.
Jureidini's appointment. Factors other than those listed above could
also cause the Company's results to differ from expected results.
Additionally, the business and financial materials and any other
statement or disclosure on or made available through the Company's
websites or other websites referenced herein shall not be incorporated
by reference into this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170314005566/en/
Media Relations:
Revlon Consumer Products LLC
Pamela Alabaster, 212-527-5863
Source: Revlon Consumer Products LLC