Exhibit
21.1

SUBSIDIARIES OF THE REGISTRANT

Set forth below is
a list of certain of the Registrant's subsidiaries. Such
subsidiaries are incorporated or organized in the jurisdictions
indicated. Revlon Consumer Products Corporation is wholly owned by the
Registrant. Each of the other listed subsidiaries is wholly owned by
Revlon Consumer Products Corporation directly, or indirectly, and all
listed subsidiaries are included in the Registrant's consolidated
financial statements. The names of the Registrant's remaining
subsidiaries, if any, which may have been omitted from the following
list, considered in the aggregate as a single subsidiary, would not
constitute a significant subsidiary.

Domestic Subsidiaries

Almay, Inc., a Delaware corporation Charles of the Ritz
Group Ltd., a Delaware corporation Charles Revson Inc., a New York
corporation Cosmetics & More Inc., a Delaware corporation
North America Revsale Inc., a New York corporation PPI Two
Corporation, a Delaware corporation Revlon Consumer Corp., a
Delaware corporation Revlon Consumer Products Corporation, a
Delaware corporation Revlon Development Corp., a Delaware
corporation Revlon Government Sales, Inc., a Delaware
corporation Revlon International Corporation, a Delaware
corporation Revlon Products Corp., a Delaware corporation
Revlon Real Estate Corporation, a Delaware corporation RIROS
Corporation, a New York corporation RIROS Group Inc., a Delaware
corporation RIT Inc., a Delaware corporation

Foreign
Subsidiaries

ACN 000 189 186 Pty Limited
(Australia) CEIL – Comercio e Distribuidora Ltda.
(Brazil) Cendico B.V. (Netherlands) Deutsche Revlon GmbH
(Germany) European Beauty Products S.L. (Spain)
Européenne de Produits de Beauté, S.A.S. (France)
Kenma Holding B.V. (Netherlands) Korihor (No. 1) Pty. Limited
(Australia) New Revlon Argentina S.A. (Argentina) Productos
Cosmeticos de Revlon, S.A. (Guatemela) Promethean Insurance
Limited (Bermuda) REMEA Luxembourg S.A.R.L. (Luxembourg)
REMEA 1 B.V. (Netherlands) REMEA 2 B.V. (Netherlands) Revlon
AB (Sweden) Revlon Australia Pty Limited (Australia) Revlon
Beauty Products, S.L. (Spain) Revlon B.V. (Netherlands)
Revlon Canada Inc. (Canada) Revlon (Cayman) Limited (Cayman
Islands) Revlon Chile S.A. (Chile)

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Revlon China Holdings Limited (Cayman
Islands) Revlon Europe, Middle East and Africa Ltd. (Bermuda)
Revlon Group Limited (United Kingdom)Revlon (Hong Kong) Limited
(Hong Kong) Revlon Ireland Limited (Ireland) Revlon (Israel)
Limited (Israel) Revlon Kabushiki Kaisha (Japan) Revlon Ltda.
(Brazil) Revlon Manufacturing Ltd. (Bermuda) Revlon Mauritius
Ltd. (Mauritius) Revlon New Zealand Limited (New Zealand)
Revlon Offshore Limited (Bermuda) Revlon Overseas Corporation,
C.A. (Venezuela) Revlon Pension Trustee Company (U.K.) Limited
(United Kingdom) Revlon (Puerto Rico) Inc. (Puerto Rico)
Revlon Real Estate Kabushiki Kaisha (Japan) Revlon Russia SNC
(France) Revlon, S.A. de C.V. (Mexico) Revlon (Shanghai)
Limited (China) Revlon South Africa (Proprietary) Limited (South
Africa) Revlon S.p.A. (Italy) Revlon S.P. Z.o.o.
(Poland) Revlon (Suisse) S.A. (Switzerland) Revlon Taiwan
Limited (Taiwan) RGI Beauty Products (Pty.) Limited (South
Africa) RGI Limited (Cayman Islands) RIC Pty. Limited
(Australia) R.I.F.C. Bank Limited (Bahamas) S.E.F.A.O., S.A.
(Spain) Shanghai Revstar Cosmetic Marketing Services Limited
(China) Tindafil, S.A. (Uruguay) YAE Artistic Packings
Industry Ltd. (Israel) YAE Press 2000 (1987) Ltd.
(Israel)

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