These days online shopping has become part of many regular shopping habits in many households around the globe. It is supposed to simplify and save time compounded with convenience. With the emerging of the virtual assistants like Alexa, it is even easier. Being an Amazon prime member, the convenience of free guaranteed delivery within 48 hours and in some instances 24 hours is an attractive shopping method.
This week, Durig Capital takes a second look at an iconic cosmetic company that is continuing to refine its market strategy. Revlon, founded in 1932, has been identified with some of Hollywood’s biggest stars over the years. The company, under the direction of a new President and CEO, has recently posted some fantastic results for the third quarter including:
Adjusted operating income increased by 82% year-over-year.
A 35% increase in Adjusted EBITDA.
An increase in e-commerce sales of 23%.
Significant sales increases in China as well as North America.