Revlon Shaves Brazil Brands

Revlon has sold its Bozzano brand, a men’s hair care and shaving line of products, and certain other non-core Brazilian brands to Hypermarcas for approximately $104m in cash. The transaction was effected through the sale of Brazilian subsidiary Ceil Comercio E Distribuidora. Revlon says its brand color cosmetics will continue to be marketed in Brazil through a third party distributor.