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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
(AMENDMENT NO. 1)
REVLON, INC.
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(Name of Issuer)
Class A Common Stock, par value $0.01 per share CUSIP No. 761525 50 0
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(Title of Class of Securities)
(CONTINUED ON FOLLOWING PAGE(S))
Page 1 of 7
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CUSIP NO. 761525 50 0 Page 2 of 7
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
REV HOLDINGS INC.
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2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5. SOLE VOTING POWER
-0-
-----------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER
OF SHARES 42,500,000 Class A Common Stock
BENEFICIALLY (includes 31,250,000 shares of
OWNED BY Class B Common Stock convertible
EACH into an equal number of shares of
REPORTING Class A Common Stock at any time)
PERSON WITH -----------------------------------------------------------------
7. SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
42,500,000 Class A Common Stock
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,500,000 Class A Common Stock
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
83.1% of aggregate Class A Common Stock and Class B Common
Stock outstanding
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12. TYPE OF REPORTING PERSON
CO
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CUSIP NO. 761525 50 0 Page 3 of 7
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MAFCO HOLDINGS INC.
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2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5. SOLE VOTING POWER
-0-
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6. SHARED VOTING POWER
NUMBER 42,500,000 Class A Common Stock
OF SHARES (includes 31,250,000 shares of
BENEFICIALLY Class B Common Stock convertible
OWNED BY into an equal number of shares of
EACH Class A Common Stock at any time)
REPORTING -----------------------------------------------------------------
PERSON WITH 7. SOLE DISPOSITIVE POWER
-0-
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8. SHARED DISPOSITIVE POWER
42,500,000 Class A Common Stock
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,500,000 Class A Common Stock
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
83.1% of aggregate Class A Common Stock and Class B Common
Stock outstanding
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12. TYPE OF REPORTING PERSON
CO
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CUSIP NO. 761525 50 0 Page 4 of 7
Item 1(a): Name of Issuer.
REVLON, INC. (the "Company")
Item 1(b): Address of Issuer's Principal Executive Offices.
626 Madison Avenue
New York, New York 10022
Item 2(a): Name of Persons Filing.
REV Holdings Inc. ("REV Holdings") is a wholly
owned indirect subsidiary of Mafco Holdings Inc.
("Mafco Holdings"). All of the capital stock of
Mafco Holdings is owned by Ronald O. Perelman.
Item 2(b): Address of Principal Business Office.
The principal business offices of REV Holdings are
located at 625 Madison Avenue, New York, New York
10022. The principal business offices of Mafco
Holdings are located at 35 East 62nd Street, New
York, New York 10021.
Item 2(c): Citizenship.
REV Holdings and Mafco Holdings each are Delaware
corporations.
Item 2(d): Title of Class of Securities.
Class A Common Stock, par value $.01 per share.
Item 2(e): CUSIP Number.
761525 50 0
Item 3: Not Applicable
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CUSIP NO. 761525 50 0 Page 5 of 7
Item 4: Ownership.
REV Holdings owns directly 11,250,000 shares of
Class A Common Stock, which represented
approximately 56.6% of the total number of Shares of
Class A Common Stock outstanding at December 31,
1997. REV Holdings owns directly 31,250,000 shares
of Class B Common Stock, which represented 100% of
the Class B Common Stock outstanding at December 31,
1997. REV Holdings succeeded to the ownership of the
shares of common stock owned by it as a result of a
merger, during 1997, of Revlon Worldwide Corporation
with and into REV Holdings. Prior to the merger,
Revlon Worldwide Corporation had owned all of the
shares of common stock of the Company owned by REV
Holdings. Shares of Class B Common Stock are
convertible into an equal number of shares of Class
A Common Stock at any time. Mafco Holdings may be
deemed to beneficially own the shares owned by REV
Holdings. Ronald O. Perelman owns all of the capital
stock of Mafco Holdings.
(a) Amount Beneficially Owned:
42,500,000 shares of Class A Common Stock,
as described above.
(b) Percent of Class:
Approximately 83.1% of Class A Common Stock
based upon an aggregate of 19,975,000
shares of Class A Common Stock and
31,250,000 shares of Class B Common Stock
outstanding on December 31, 1997. Shares of
Class A Common Stock have one vote per
share. Shares of Class B Common Stock have
ten votes per share. Accordingly, ownership
of such 11,250,000 shares of Class A Common
Stock and 31,250,000 shares of Class B
Common Stock, possesses 97.4% of the Common
Stock voting power.
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CUSIP NO. 761525 50 0 Page 6 of 7
(c) Number of shares as to which such person has:
(i) Sole power to vote or to
direct the vote.................... -0-
(ii) Shared power to vote or to
direct the vote .................. 42,500,000
(iii) Sole power to dispose or to
direct the disposition of........ -0-
(iv) Shared power to dispose or to
direct the disposition of......... 42,500,000
Item 5: Owner of Five Percent or Less of a Class.
Not Applicable
Item 6: Ownership of More than Five Percent on Behalf of
Another Person.
All of the shares owned are pledged to secure
obligations.
Item 7: Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
Not Applicable
Item 8: Identification and Classification of Members of the Group.
Not Applicable
Item 9: Notice of Dissolution of Group.
Not Applicable
Item 10: Certification.
Not Applicable
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CUSIP NO. 761525 50 0 Page 7 of 7
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 10, 1998
REV HOLDINGS INC.
By: /s/ Glenn P. Dickes
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Name: Glenn P. Dickes
Title: Vice President and Assistant
Secretary
MAFCO HOLDINGS INC.
By: /s/ Glenn P. Dickes
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Name: Glenn P. Dickes
Title: Senior Vice President