Sloan appointed president of Lornamead
STAMFORD, Conn. Lornamead, a marketer of personal care brands whose portfolio includes Aqua Net, Finesse and Yardley, has appointed former Del Pharmaceuticals executive Randy Sloan as president, Drug Store News has learned.
Sloan, who sits on the board of the Consumer Healthcare Products Association, previously worked for Del Pharmaceuticals as executive vice president and general manager.
In 1998, the company began focusing on acquiring and investing in “orphaned” consumer brands. It currently has about 30 brands globally. For example, in 2006, it acquired the Finesse and Aqua Net Hair Care brands from Unilever. In 2005, Lornamead acquired Yardley from Procter & Gamble. The brand, established in 1770, is perhaps best known for its traditional bath luxuries, including Yardley English Lavender.
Revlon shares rise after reverse stock split
NEW YORK Revlon has announced the completion of the previously announced 1-for-10 reverse stock split of its Class A and Class B common stock.
Revlon effected the reverse stock split by filing a charter amendment with the Delaware Secretary of State. The reverse stock split was previously approved by the company’s board and stockholders pursuant to Sections 228 and 242 of the Delaware General Corporation Law.
Revlon’s Class A common stock began trading on the NYSE on a split-adjusted basis when the market opened Sept. 16, under a new CUSIP number, 761525 609.
Shares closed up $12.91 after the stock split.
Merlot introduces Merlot Divine fragrance
Merlot Skin Care has expanded its portfolio with the launch of the new Merlot Divine fragrance.
Inspired by the fruits of the vine, the fragrance bursts with citrus followed by a floral bouquet and tops notes give way to a woodsy musk.
“Merlot Divine is clean and light, making the wearer feel energetic and refreshed,” stated Wayne Beckley, founder of Merlot Skin Care. “The fragrance stays true to the Merlot Moisturizer, capturing the revitalizing feel of the moisturizer in a scent.”
Merlot Divine is packaged in a tall glass bottle that can be reused as a single-bloom vase.
The Merlot Skin Care line includes 16 natural grape seed-based face and body products.