Revlon Seeks Goldman Sachs Help To Explore Strategic Alternatives: Bloomberg

(RTTNews) - Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business.

According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all its options, a person familiar with the matter told the new site.

Majority owned by Perelman's MacAndrews & Forbes Inc., Revlon offers over 15 brands in over 150 countries, including Elizabeth Arden and Elizabeth Taylor. The company has more than $3 billion of debt, a majority of which comes due starting in 2020.

Earlier this month, the company received a $200 million four-year senior secured loan to help fund its business.

Last week, the company said its second-quarter net loss narrowed to $63.7 million from $122.5 million a year earlier. However, sales dropped 6% to $570.2 million, hurt by sales declines at its smaller brands.