Revlon Inc. announced an organizational restructuring Tuesday to focus on four distinct brands, including its namesake Revlon cosmetics brand, the hair coloring and cosmetics brand Elizabeth Arden, which it purchased for $870 million last September, as well as two others focused on fragrances and portfolio brands. The company said the move will streamline and simplify the business, giving it the opportunity to more easily meet its long-term growth targets in the global beauty industry. Shares of Revlon were inactive in premarket trade, but they’ve underperformed both in the last three months and the past year. They’ve declined 9% in the past three months, compared with a 7% increase for the S&P 500 , and are up 15% from three months ago, compared with an increase of 21% for the index.
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