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Revlon last week said it will cut as much as 7% of its work force. Revlon stock plunged to $12 last fall from $56 earlier in the year after it reported third quarter 1998 sales fell from 1997 levels due to international market turmoil and excess inventory at U.S. drugstore chains. It said 1999 new product launches -- a new line, Super Lustrous Haircolor, plus extensions of its ColorStay, Almay and Ultima II Glowtion lines, will help restore sales growth.
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