REVLON
EXECUTIVE SUMMARY Revlon Inc is one of the leading companies in cosmetic production and other personal products industry. This company produces and markets their products under brand names of Revlon, ultima, Charlie, Almay, jean nate, mitchum and Gatineau. The categories of product are cosmetics, personal product and skin care products. Revlon has used food stores, chain drug, owned shops or large volume retailer in marketing their product. Operations of this particular company are spread across many other geographic regions which are; Europe, America, Africa, Middle East, Asia pacific and south East Asia .www.baharatbosh.com. Revlon Company is based and traded in New York City in the United States.
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Revlon brand rose in 2008 with 12.2% in the facial sector, with 3 important new products such as (Revlon natural make up, Revlon color stay mineral foundation and Revlon custom creation foundation) which led to the growth in that year . These products were supported through print advertising and television leading to celebrities such as Jessica Alba and Halle berry. Revlon has expanded their brands globally with the helpful use of their brand ambassador strategy by engaging Elle Macpherson and Jennifer connel in representing the brand. Revlon is improving the execution of their plans and strategies as well as also providing a continued improvement in their organizational potential, this is by strengthen the organization competence Revlon continue to recruit their skilled and brilliant professionals all through the company. Revlon Company furthers by making their international business strong, as this growth is driven by the brand in color cosmetics in Canada and Asia pacific region whereas their operational margin is expanding continuously. Revlon is improving and strengthening their capital structure as well as their balance sheet, their reduction of over time debts.
REVLON COMPETITIVE ENVIROMENT Revlon has many other bigger competitors in which they compete with such as L’Oreal, Avon, Procter & gamble and Estee lauder. Basically the
It is known to be true that the best endorsements achieve a deriving ideas, style and taste between the product and the celebrity. Giving a brand an appearance is more than just a marketing strategy to increase sales; it is a decision that can change the outcome of the brand for the
If people see Jennifer Aniston (famous celebrity) in the commercial using Aveeno Daily Moisturizing Body Lotion there, then they are definitely going to purchase it. There might many people who are influenced Jennifer in this commercial and have purchased this body lotion. Jennifer Aniston, a 45 year old women and still have a great, flawless skin. When people see her using it they will think that they can have a flawless skin by using that lotion. People will think since Jennifer Aniston uses this products and she looks that good that it will have the same affect of them. The director of this commercial has used famous celebrity to attract people in to check out their products. In the magazine, they have only used natural color to create the friendliness toward the
Main competitors (Oil of Olay, Pond's and, Nivea) were situated in the HBA aisles of the stores while Plenitude products were merchandised in point of sales in the cosmetics' aisles next to L'Oreal cosmetics where the consumer is looking for cosmetics not skin care. The skin care consumer is in the HBA aisles!
Procter & Gamble, P&G, is a famous company in the world because it was established in 1837 and made soap and candles to sell in U.S. government during civil war. Its stores located in more than 80 countries and this company has more than 300 brands such as pampers, Tide, and Pantene. Its products include cleaning agents, pet foods, and personal care products, as well as products for beauty and health care. It is very easy to see its products in the stores. In fact, Gillette is also a famous brand and was established in 1901. Its products include personal care and batteries. When I
The corporation 's headquarters is located in New Brunswick, in the state of New Jersey, USA; and its consumer division is located in Skillman, New Jersey.
According to the situation mentioned above, L’Oreal’s strategy will lead them suffer from few of the challenges. There are three main challenges discussed in this report. Firstly, the acquired companies now work without their founders. Secondly, manage L’Oreal’s portfolio of products. Thirdly, it is hardly to manage lots of brands. Finally, it might have a problem about customer loyalty for local companies.
In terms of promotion and advertising, L’Oreal should change the “star product” approach and instead focus on the whole product line or perhaps a set of products for a given target segment. In this way, L’Oreal can inform its customers on its products which should also help them in choosing the right product for themselves. L’Oreal should also focus on building the brand Plenitude since this is something that customers are not aware of. They
Cosmetics fall into their own marketing arena. It is the only other product, besides food, that consumers are in constant need of because cosmetics are used in our everyday lives. Cosmetics, in order to have any type of customer base, are made with great quality in mind. With all these different brands offering the same types and qualities of products, Dove had to branch out into another important segment of this cosmetics market. Cosmetics are being used just as much by men as they are used by women, and it is important that a cosmetics product line can compete in the market of men’s products as well. Dove’s main competitors, Nivea, L’Oreal, and Garnier, have not crossed into making men’s products. The lack of men’s products gives Dove a competitive advantage in their arena. Dove has dominated in this category through their marketing and different direction.
1. To be able to improve production of the new product being launched by Cherie Cosmetics.
The Revlon Beauty Company is a global and classic brand. An advertisement found in Glamour Magazine, promotes the sales of Revlon’s well-known nail polish enamel. The ad features a man with a woman’s hands draped over him to promote new nail polish colors. Revlon attempts to convince readers to purchase beauty products, including nail polish, through the use of colorful imagery, diction, and appeals to pathos and ethos; overall the ad is fairly effective at convincing the target audience of women ages 18-40.
Companies across the world are determined to compete for the survival of their brands. The magnitude of success of the marketing and advertising strategies of a new or existing product is majorly depended upon the organization itself. As a matter of stated facts when an organization advertises its products in the market they first have to identify the relevant answers of some questions like what is the product aiming at? What benefits will the user seek by this product? How the organization plans to position itself within the market and what differential advantages will the product offer over the competitors. Because the bottom line of all marketing and advertising campaigns, is to provide the suitable collection of benefits to the end users of the product. Successful companies are usually recognized as iconic brands. Success of a
Revlon is a product universally known and a valued company. Revlon usually choices to use a popular actress to advertise and to persuade the viewers into buying revlon products. The Revlon ad makes Stone look remarkable. The main reason behind choosing her was so the viewers could see that she is pretty is and so it would get them to thinking if they use the revlon product it make them look as pretty as she does.
Rivalry is intense among the competition in the cosmetic and skin care industry. There are numerous existing cosmetic companies competing in the market. The giant corporations acquire numerous brand name products and compete for the same number of customers. The competition consists of companies such as, Procter & Gamble, L’Oreal, Unilever, Avon Products, Inc., Estee Lauder, in addition to competing with large retailers, who order mass
L'Oreal invests heavily into its research and development to satisfy its changing consumer demands and lifestyle. L'Oreal has to watch out for new sector entrant such as Playboy as they are launching a cosmetics range. (Brand Strategy, 2005).
1. REVLON INC. EXISTING VISION AND MISSION Vision Provide glamour, excitement and innovation to consumers through high-quality products at affordable prices Mission To emerge as the dominant cosmetics and personal care firm through the twenty-first century by appealing to young/trendy women, health-conscious women (skin care), and older women with its variety of brands 2. NEW VISION AND MISSION STATEMENTS FOR REVLON INC. Vision To be wellknown and accepted as the high value provider by constant innovative and improvements products to keep pace with the changes in consumer lives.