multicultural hair care

Revlon to Acquire All of The Colomer Group for $660 Million in Cash

Revlon to Acquire All of The Colomer Group for $660 Million in Cash

Revlon will soon be back in the salon business. Its wholly owned operating subsidiary, Revlon Consumer Products Corp., has signed a definitive agreement to acquire all of the stock of The Colomer Group, a privately-held company focused on the professional salon channel, for a cash purchase price of $660 million. The announcement was made Aug. 5, and the acquisition is expected to close in the fourth quarter of 2013.