Deals
Revlon Taps Goldman to Explore Strategic Alternatives
- Retailer retains advisers to review options including sales
- Cosmetic company faces large debt maturities starting in 2020
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Revlon Inc. retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives for the cosmetics company, according to a person with knowledge of the matter.
The makeup company backed by billionaire Ronald Perelman and under pressure from smaller rivals, is exploring all options, including potential sales of parts or all of the business, said the person, declining to comment further. No deals have been reached, but Revlon is reviewing all strategies, according to the person, who asked not to be identified discussing a private situation. A representative for Goldman Sachs confirmed the bank was hired by Revlon but declined to comment further.