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MacAndrews & Forbes

OVERALL

Owned
USA
Rating
Criticisms

Holding company

Wholly owned by chairman and CEO Ronald Perelman. Current holdings include investments in public and private companies across a wide range of industries, from cosmetics and entertainment to biotechnology and military equipment. Became majority shareholder of Revlon in 1985.

MacAndrews & Forbes Inc   USA     website         

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
MacAndrews & Forbes Inc
Social Defense & Military
MacAndrews & Forbes is a major shareholder of AM General, a world-leader in the design, engineering, production and technical and parts support of military and special purpose vehicles.
MacAndrews & Forbes is also a major shareholder of SIGA Technologies, who develops products for the prevention and treatment of serious infectious diseases, including products for use in defence against biological warfare agents. SIGA has received significant funding from the US Department of Defense.
Source: company website (2018)
Business Ethics Involvement in gambling
MacAndrews & Forbes is a major shareholder of Scientific Games, provider of customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services include instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines.
Source: company website (2018)
Business Ethics Giving Pledge signatory
Company owner Ronald Perelman has signed the Giving Pledge - a commitment by some of the world's wealthiest individuals and families to dedicate the majority of their wealth to philanthropy. The campaign has founded by Bill Gates and Warren Buffett in 2009. The pledge is a moral commitment to give, not a legal contract.
Source: Giving Pledge (2014)
Business Ethics OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020)

> About the Icons

Company Details

Type Private company
Subsidiaries Revlon Inc (85% owned) 

Cosmetics and personal care products manufacturer

New York socialite Ron Perelman owns about 85% of Revlon. Acquired Elizabeth Arden and Cutex in 2016. Filed for bankruptcy in 2022 to restructure debt.


  - Revlon Australia Pty Ltd 

Cosmetic & beauty care

Revlon Australia was set up in 1956 and principally imports and distributes cosmetics, fragrances and toiletries from overseas, but also undertakes product development and manufacturing for a small number of products. Revlon acquired Elizabeth Arden in 2016.


  - Elizabeth Arden Inc 

Fragrances and skin care products

Fragrance accounts for more than 75% of the company's sales. Acquired by Revlon in 2016 for US$870m.


  - Colomer Group 

Hair care products

Founded in 1943 in Spain by Jose Colomer. Bought by Revlon in 1978. Jose Colomer's son Carlos bought the company back in 2000. Manufacturing occurs in Spain, Italy, USA and Mexico. Acquired by Revlon in 2013.


  - Cutex Brands 

Nail care products

Cutex invented nail polish in 1917. Acquired by Revlon in 2016.

Contact Details

Address New York, New York, USA
Website www.macandrewsandforbes.com

Products / Brands

Revlon Australia
Almay Cosmetics
Flex Shampoo
Mitchum Deodorant
Revlon Cosmetics
Revlon Shampoo
Revlon Hair Colour
SinfulColors Nail Care

Cutex Brands
Cutex Cosmetics
Cutex Nail Care


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