In June, Revlon announced the acquisition of prestige color and fragrance company Elizabeth Arden. By September the deal was final. Last month Revlon began streamlining the two businesses, and now this week the company has begun employee layoffs.
The global anti-aging and skin care products maker has reached an agreement with the Securities and Exchange Commission (SEC) over a probe into the company’s charitable contribution in China.
Avon Products says it has reached a preliminary deal with the U.S. Department of Justice and the U.S. Securities Commission that should put an end to years of investigation into its overseas practices.
Cosmetics retailer Jumei.com is the latest Chinese company to set it sights on US shores, after investor enthusiasm for China stocks is reported as being back on the up.
Chinese companies are setting their sights on returning to U.S. shores, specifically the IPO market, after investor enthusiasm for China stocks is reported as being back on the up.
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