Cosmetics maker Revlon to buy Elizabeth Arden in $870m deal

Cosmetics maker Revlon to buy Elizabeth Arden in $870m deal

A Public Safety officer keeps watch as people stand in front of a billboard owned by Revlon that takes their pictures and displays them in Times Square in the Manhattan borough of New York October 13, 2015. Cosmetics company Revlon switched on its "Kiss Cam" in New York's Times Square on Tuesday, four days after the interactive billboard went dark over complaints that it was attracting gropers. REUTERS/Carlo Allegri - RTS4CDM

Cosmetics maker Revlon Inc has agreed to buy Elizabeth Arden Inc  in an $870 million deal to strengthen its skincare and fragrance business and expand in high-growth markets including the Asia-Pacific region.

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