Word: revlon
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Dates: during 2000-2009
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...another case of corporate indigestion, Pantry Pride, the supermarket chain that acquired Revlon in November, last week announced that it had sold two Revlon units to Beecham Group, a British conglomerate, for $395 million. The two jettisoned Revlon divisions are Norcliff Thayer, maker of Tums antacids and other over-the-counter medications, and Reheis, a chemicals manufacturer. ENTERTAINMENT Rockin' with Uncle...
...hair-raising as a Snake River rafting expedition. In 1985 a parade of slumps, scandals, panics and just plain goofs rocked the business world. All the while, an unprecedented wave of acquisitions was swallowing up such well-known corporate names as ABC, RCA, Nabisco, General Foods and Revlon...
...Revlon...
Most people who lose their job receive a final bonus based on the length of time they have been employed. For some this severance pay permits a more comfortable retirement. In the case of Revlon Chairman Michel Bergerac, 53, losing a job was probably the best financial deal he ever made. Last week Bergerac resigned as chairman after Pantry Pride won a three-month fight to control the company. He and eight Revlon board members had agreed to step down to allow for a trouble-free transition to the new owners. Under an agreement worked out with Revlon's board...
...last year before the takeover, Bergerac made $1.3 million. Wall Streeters say he earned his salary. He diversified Revlon away from cosmetics and into the health-care business, acquiring companies that made such popular products as Turns antacids and Oxy acne medicine. Bergerac now plans to play tennis and spend time with his family before examining several job offers he has already received. He will not need to choose one too quickly. AIRLINES A Pair of Jumbo Deals...