Revlon board member buys $1.4 million in shares
Ronald O Perelman, a member of the board of directors at Revlon Inc (REV), bought 60,000 shares of the company’s common stock on Dec 24. At $23.18 per share, Perelman paid a total of $1,390,815 for the new shares.
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About Revlon Inc.
Revlon Inc is a U.S.-based company that is principally engaged in the cosmetics industry. The company's reportable segments include Revlon, Elizabeth Arden, Portfolio and Fragrances. It generates maximum revenue from the Revlon segment. Geographically, it operates in North America, EMEA, Asia, Latin America and Pacific of which North America region derives majority revenue. Some of the company brands include Revlon, Elizabeth Arden, Almay, Revlon Professional, American Crew, CND, and Mitchum brands. The company distributes and sell its products to large volume retailers, chain drug and food stores, chemist shops, hypermarkets, general merchandise stores, e-commerce sites, television shopping, department stores, professional hair and nail salons, and specialty cosmetic stores.