When Manhattan financier Ronald Perelman bought control of Revlon in a decidedly hostile 1985 takeover, he promised the treatment usually offered to the beauty behemoth's customers -- a complete make-over. In the years following the death of founder Charles Revson, the legendary line's earnings and stock price had faded faster than a bad dye job. Perelman re-established Revlon as an industry leader by focusing on its best-known products: cosmetics.
+ Despite Revlon's about-face, Perelman is said to be looking for a new owner for all or part of his cosmetics kingdom, spurred by that ghost from the good times: debt. The...
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