UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                              ---------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                         Date of Report: October 6, 2006
              (Date of earliest event reported): (October 6, 2006)


                                  Revlon, Inc.
             (Exact name of Registrant as specified in its Charter)


          Delaware                      1-11178                   13-3662955
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(State or other jurisdiction          (Commission             (I.R.S. Employer
      of incorporation)               File Number)           Identification No.)

              237 Park Avenue
            New York, New York                                      10017
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(Address of principal executive offices)                         (Zip code)

                                 (212) 527-4000
                                 --------------
              (Registrant's telephone number, including area code)

                                      None
                                      ----
          (Former Name or Former Address, if Changed Since Last Report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



Item 1.01.      Entry into a Material Definitive Agreement.

See Item 1.02 below, which is incorporated by reference into this Item 1.01.


Item 1.02       Termination of Material Definitive Agreement.

As part of the  organizational  realignment and  restructuring  described in the
Company's  Current  Report on Form 8-K filed with the SEC on September 25, 2006,
on October 6, 2006, Revlon Consumer Products  Corporation  ("RCPC"),  the wholly
owned operating subsidiary of Revlon, Inc. ("Revlon" and together with RCPC, the
"Company"),  and Mr. Thomas E.  McGuire,  the Company's  former  Executive  Vice
President  and  President  of Revlon  International,  terminated  Mr.  McGuire's
employment agreement,  as amended,  pursuant to a separation agreement providing
that Mr.  McGuire  will  receive  the  separation  pay and  benefits  that he is
entitled to receive under his employment  agreement.  Mr.  McGuire's  employment
agreement  with the  Company,  dated as of August  18,  2003,  and the first and
second  amendments  thereto,  dated as of  December  17, 2004 and March 2, 2006,
respectively, were filed with the SEC, respectively, as Exhibit 10.5 to Revlon's
Quarterly  Report on Form 10-Q for the fiscal quarter ended  September 30, 2003,
filed with the SEC on November  14,  2003,  Exhibit  10.36 to  Revlon's  Current
Report on Form 8-K filed with the SEC on December  22, 2004 and Exhibit  10.7 to
Revlon's Annual Report on Form 10-K for the fiscal year ended December 31, 2005,
filed with the SEC on March 2, 2006.


                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                         REVLON, INC.

                                         By: /s/ Robert K. Kretzman
                                             -----------------------------------
                                         Robert K. Kretzman
                                         Executive Vice President, Chief Legal
                                         Officer, General Counsel and Secretary

Date: October 6, 2006



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