Exhibit 99.2

          Revlon Announces Plans to Refinance Existing Credit Agreement

NEW YORK-- (BUSINESS WIRE)--Nov. 29, 2006--Revlon, Inc. (NYSE: REV), announced
today that its wholly-owned operating subsidiary, Revlon Consumer Products
Corporation ("RCPC"), plans to refinance its existing credit agreement as part
of the Company's overall plans to improve cash flow and strengthen its balance
sheet and capital structure.

As part of the refinancing, RCPC expects to refinance and replace its
existing $800 million term loan with a new 5-year $840 million term loan
facility (the "2006 Term Loan Facility") and amend its existing $160 million
multi-currency revolving credit facility and extend its maturity through the
same 5-year period (the "2006 Revolving Credit Facility" and, together with the
2006 Term Loan Facility, the "2006 Credit Facilities"). It is expected that the
2006 Term Loan Facility would be secured by substantially the same collateral
package and guarantees that secure RCPC's existing term loan facility and the
2006 Revolving Credit Facility will continue to be secured by its existing
collateral package and guarantees.

While there can be no assurances that the 2006 Credit Facilities will be
finalized and closed, if RCPC completes this refinancing, the Company believes
that it will result in annual interest savings due to expected lower interest
margins, provide the Company with greater financial and other covenant
flexibility and extend the maturity dates of RCPC's existing bank credit
agreement.

RCPC expects to use the proceeds of the 2006 Credit Facilities to repay in full
the approximately $800 million of outstanding indebtedness (plus accrued
interest and a prepayment fee) under its existing term loan facility. The
balance of such proceeds is expected to be available for general corporate
purposes, after paying fees and expenses incurred in connection with
consummating the 2006 Credit Facilities.

RCPC expects to close and fund the 2006 Credit Facilities in late December 2006.
Consummation of the 2006 Credit Facilities transactions is subject to a number
of customary conditions, including, among other things, the execution of
definitive documentation, perfection of security interests in collateral and
that Revlon launch a rights offering for at least $100 million in equity
securities (although the 2006 Credit Facilities are not conditioned upon the
consummation of such rights offering).

Citicorp Global Markets Inc. has agreed to act as Sole Lead Arranger and Sole
Bookrunner, with Citicorp USA, Inc. acting as Administrative Agent on the 2006
Term Loan Facility and 2006 Revolving Credit Facility. JPMorgan Chase Bank, N.A.
has agreed to act as Syndication Agent on the 2006 Term Loan Facility.

About Revlon

Revlon is a worldwide cosmetics, skin care, fragrance, and personal care
products company. The Company's vision is to deliver the promise of beauty
through creating and developing the most consumer preferred brands. Websites
featuring current product and promotional information can be reached at
www.revlon.com, www.almay.com and www.mitchumman.com. Corporate and investor
relations information can be accessed at www.revloninc.com. The Company's
brands, which are sold worldwide, include Revlon(R), Almay(R), Ultima(R),
Charlie(R), Flex(R) and Mitchum(R).




Forward-Looking Statements

Statements in this press release which are not historical facts, including
statements about plans, strategies, beliefs and expectations of Revlon are
forward-looking and subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements speak only
as of the date they are made. Accordingly, except for the Company's ongoing
obligations under U.S. federal securities laws, the Company does not intend to
update or otherwise revise the forward-looking information to reflect actual
results of operations, changes in financial condition, changes in estimates,
expectations or assumptions, changes in general economic, industry or cosmetic
category conditions or other circumstances arising and/or existing since the
preparation of this press release or to reflect the occurrence of any
unanticipated events. Such forward-looking statements include, without
limitation, Revlon's expectations and estimates about future events, including
RCPC's plans to refinance its existing credit agreement, the nature, scope and
benefits of the terms of such refinancing and timing thereof and the use of
proceeds. Actual results may differ materially from such forward-looking
statements for a number of reasons, including those set forth in Revlon's
filings with the Securities and Exchange Commission, including Revlon's Annual
Report on Form 10-K for the fiscal year ended December 31, 2005 and Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC during
2006 (which may be viewed on the SEC's website at http://www.sec.gov or on
Revlon, Inc.'s website at http://www.revloninc.com), as well as difficulties,
delays, unexpected costs, the inability of RCPC to refinance its existing credit
agreement, or changes in the nature, scope and benefits of the terms of such
refinancing and/or timing thereof and/or the use of proceeds. The information
available from time to time on any websites referred to in this press release
shall not be deemed incorporated by reference into this press release.

SOURCE:  Revlon, Inc.

Contact: Calandra Matthews
         212-527-6463

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