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Revlon Inc., the cosmetics maker controlled by financier Ronald Perelman, said Irwin Engelman will retire as vice chairman at the end of the year, the second high-level departure since the company named a new chief executive last month. Engelman, 64, also will give up his post as chief administrative officer. Revlon named Wade Nichols, 56, to be chief administrative officer.

* IBP Inc., the largest U.S. processor of fresh meat, said it has agreed to buy privately held meat and poultry processor Corporate Brand Foods America for $261 million in a deal analysts said should enhance long-term profit margins. IBP also will assume $323 million in CBFA debt in the deal. Houston-based CBFA is a leading supplier of private-label meat and poultry products for the food-service industry and grocery stores.

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