Revlon to offer $330 million in secured notes
NEW YORK Revlon, whose stock was upgraded by an analyst on improving financials and lower expenses, intends to offer $330 million in a senior notes offering, the beauty company announced on Monday.
The proceeds from the offering of the notes, due 2015, will be used to pay the total tender offer amount of its previously announced move to buy $340.5 million of senior notes due April 2011, and pay premium and accrued interest on the notes, the company stated.
Meanwhile, BMO Capital Markets analyst Connie Maneaty upgraded the stock to “outperform” from “market perform” and stated that the company’s outlook is strengthening and financials are improving.
The news pleased Wall Street as shares of Revlon hit a new 52-week high on Monday.
Tennis pro Serena Williams launches Active Lifestyle Skincare Destinations with CVS/pharmacy
NEW YORK CVS/pharmacy is introducing — through a partnership with Mission Skincare, which was co-founded by tennis star Serena Williams — the new Active Lifestyle Skincare Destinations in its beauty departments nationwide.
The Active Lifestyle Skincare Destinations will be stocked with lip, face, body and sun care products for those consumers who live active and healthy lifestyles.
“Our customers are smart, savvy and constantly on the go. Whether they’re out for a run, chasing their kids around the house or cheering from the sidelines, they’re in motion,” stated Mike Bloom, SVP merchandising for CVS/pharmacy. “And with healthy living comes the need for skin care that meets your active needs. That’s where Mission Skincare steps in with products developed and tested by the world’s greatest athletes for use by everyday people on the go.”
To celebrate the partnership, Mission is launching six new products: revitalizing lip therapy gel in peppermint, mega balm antioxidant lip refreshers in blueberry-pomegranate and acai-lemonade, replenishing hand and body moisturizer, and rejuvenating face moisturizer. The skin care and lip care products will be available exclusively in the Active Lifestyle Skincare Destinations at CVS/pharmacy in November.
Mission Skincare was founded in 2008 by a group of top athletes, including Williams and professional soccer player Mia Hamm.
Neutrogena goes online for holiday shopping
LOS ANGELES Neutrogena has launched a Web site just in time for the holidays.
Neutrogena Holiday, an online destination where consumers can shop this season’s best beauty buys for family and friends, offers a range of the brand’s best-selling and favorite cleansing, acne, anti-aging and body care products.
Neutrogena encourages giving the gift of beauty with seasonal offers, including free shipping on orders over $25, 25% off a purchase of three or more products and free samples with every purchase.