Exhibit 99.1


                      REVLON CONSUMER PRODUCTS CORPORATION
                               INTENDS TO REDEEM
                        9 3/8% SENIOR NOTES DUE 2001 AND
                   10 1/2% SENIOR SUBORDINATED NOTES DUE 2003


NEW YORK, NY -- (January 20, 1998) -- Revlon Consumer Products Corporation
("RCPC") announced today that it intends to redeem its $260 million of 9 3/8%
Senior Notes Due 2001 and its $555 million of 10 1/2% Senior Subordinated Notes
Due 2003 (together, the "Old Notes"). The redemptions will be funded by Revlon
Escrow Corp., a newly formed subsidiary of an indirect parent of RCPC, with the
proceeds from the sale of a new series of its senior notes and a new series of
its senior subordinated notes (together, the "Notes"). Following the
redemptions, RCPC will assume the obligations of Revlon Escrow Corp. under the
Notes.

                  RCPC is a wholly owned subsidiary of Revlon, Inc. (NYSE:REV).
The offering of the Notes will not be registered under the Securities Act of
1933, as amended, and the Notes may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements.

                                     ******

                  Information in this Press Release includes forward looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such statements include, without
limitation, RCPC's intention to redeem the Old Notes. All such forward looking
statements involve risks and uncertainties. In addition to factors that are
described in the SEC filings of RCPC, the following factors could cause actual
results to differ materially from those expressed in the forward looking
statements: difficulties or delays in consummating the sale of the Notes, the
proceeds from which will be used to redeem the Old Notes, as well as other
difficulties in effecting such redemptions.

                                     ******

Press Contact:          Nancy Risdon
                        212-572-5791

Investor Relations:     Deena Fishman
                        212-527-5230




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