THE WHAT? Revlon has reported a Q3 sales fall of 10 percent, with the beauty giant continuing to face financial turbulence after filing for Chapter 11 financial restructuring in June this year.
THE DETAILS Net sales reached US$468.4 million in the third quarter of 2022, compared to $521.1 million in the prior-year quarter. Reported operating income was US$12.9 million in the third quarter of 2022, compared to an operating income of US$34.1 million during the prior-year period, a decrease of US$21.2 million.
Looking at brands, Revlon sales inched up to US$176.6 million, from US$173 million in the prior-year quarter, while Elizabeth Arden sales fell to US$120.7 million from US$122.8 million.
THE WHY? Revlon Inc and certain of its subsidiaries in the United States, Canada, and United Kingdom filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
Due to the bankruptcy proceedings Revlon stated it won’t host an earnings conference call.
Injectable aesthetics are popular due to their ability to provide noticeable results with minimal downtime compared to surgical procedures. They are versatile and can be tailored to meet individual aesthetic goals, whether it's enhancing lips, restoring facial volume, or smoothing out wrinkles. However, they should always be administered by qualified professionals to ensure safety and achieve optimal results.
Injectable aesthetics are used to enhance facial features, reduce the signs of aging, and improve overall facial symmetry and appearance.
Key types of injectable aesthetics include:
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Dermal Fillers: These injectables are used to add volume, fill in wrinkles and folds, and enhance facial contours. They often contain substances like hyaluronic acid, collagen, or calcium hydroxylapatite, which help plump up the skin and smooth out fine lines and wrinkles.
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Botulinum Toxin (Botox): Botulinum toxin injections temporarily relax facial muscles that cause wrinkles and lines to form. It is commonly used to treat forehead lines, frown lines between the eyebrows, and crow's feet around the eyes.
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Collagen Stimulators: These injectables stimulate the body's own collagen production, helping to improve skin texture and firmness over time. Examples include poly-L-lactic acid (Sculptra) and calcium hydroxylapatite (Radiesse).
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Neurotoxin Injections: Besides Botox, other neurotoxins such as Dysport and Xeomin are used similarly to reduce wrinkles and lines.
