LONDON (Brand Republic) 鈥 US cosmetics giant Revlon is launching a massive advertising campaign as part of a $20m launch of Revlon Skinlights, and has handed advertising agency Kirshenbaum Bond & Partners New York the creative brief.
The appointment of Kirshenbaum is a blow for the company鈥檚 in-house agency Tarlow Advertising, which has handled all Revlon鈥檚 campaigns in recent years.
The launch comes as the company slashes its media buying and new product launches as part of a massive restructuring programme as it comes under increasing pressure to show positive results. In June, Revlon cut its adspend from $61.4m a year to $42.4m.
Revlon chief executive Jeffrey Nugent said, 鈥淩evlon will launch innovative new products to drive real top-line growth.鈥
Revlon鈥檚 ad budget cuts come as other US giant, Procter & Gamble, also said it spent too much on marketing last year. It urged its agencies to concentrate more on direct marketing, staged events and the internet.