×
1 021
Fashion Jobs
CLINIQUE
Clinique Consultant - 18 Hrs - Kelowna, bc
CDI · Kelowna
OLD NAVY
General Manager -Toronto Premium Outlets - Halton Hills, on
CDI · Halton Hills
ESTÉE LAUDER COMPANIES
Operations Manager
CDI · Toronto
ESTÉE LAUDER COMPANIES
Manager, Supply Chain Finance
CDI · Markham
CLINIQUE
Associate Consultant - Clinique - Barrie, on
CDI · Barrie
ADIDAS
Manager, Platform Operations
CDI · Vaughan
ESTÉE LAUDER COMPANIES
Senior Solutions Business Analyst – Mes And Manufacturing Systems
CDI · Markham
CLINIQUE
Clinique - Consultant - Hbc, Park Royal, Vancouver, bc
CDI · Vancouver
CLINIQUE
Clinique - Consultant -Hudsons Bay - Montreal, qc
CDI · Montreal
CLINIQUE
Clinique - Consultant - Lasalle, Montreal , qc
CDI · Montreal
CLINIQUE
Clinique - Consultant -Hudsons Bay - Montreal, qc
CDI · Montreal
CLINIQUE
Clinique - Consultant - Hbc Bayshore in Ottawa, on
CDI · Ottawa
ADIDAS
Senior Financial Analyst, Adidas Brand
CDI · Vaughan
ADIDAS
Senior Financial Analyst, Adidas Brand
CDI · Vaughan
HUGO BOSS
Purchasing & Imports Administrator - Toronto
CDI · Ontario
ESTÉE LAUDER
Business Manager - Estee Lauder - Richmond, bc
CDI · Victoria
CLINIQUE
Associate Consultant - Clinique - Sarnia, on
CDI · Sarnia
CLINIQUE
Hrs - Clinique - Consultant at Hbc Bayshore, Ottawa, on
CDI · Ottawa
CLINIQUE
Clinique Consultant - 30 Hrs - Hudsons Bay Whiteoaks - London, on
CDI · LONDON
CLINIQUE
Clinique Consultant - 18 Hrs - Hudsons Bay Whiteoaks - London, on
CDI · London
CLINIQUE
Clinique Consultant - 39 Hrs - Montréal, qc
CDI · Montreal
ESTÉE LAUDER
Business Manager - Estée Lauder - Toronto, on
CDI · Toronto

Revlon to reach out to buyers post Labor Day

Published
today Aug 29, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Following the announcement earlier this month that the cosmetics company would be exploring its options, Revlon, Inc. is reportedly planning to approach potential bidders after the Labor Day holiday weekend in September.


Last month it was announced that Revlon had called in Goldman Sachs Group to help the company explore its options for its cosmetics business - Instagram: @revlon


According to people with knowledge of the matter cited by a Bloomberg report published on Tuesday, the company is looking to find a buyer willing to help turn the business around without taking it private.

The sources also specified that Revlon does not want to sell its smaller brands off individually, and is instead focused on finding buyers interested in purchasing the whole company or its major brands.

Revlon, the majority shareholder of which is holding company MacAndrews and Forbes, which currently holds an approximately 87% stake in the New York-based cosmetics maker, will be supported in its negotiations with potential buyers by financial adviser Goldman Sachs Group, Inc.
 
Despite a dynamic and rapidly growing beauty market, Revlon, which owns over 15 brands, including Revlon, Elizabeth Arden and Almay, has been struggling to fend off competition from the likes of long-time rival Estée Lauder and a host of smaller, social-media savvy newcomers who have been busy turning the industry on its head over the last few years.
 
Present on more than 150 markets around the world, Revlon has been able to make some promising progress in recent months, narrowing its losses in the first quarter with the help of solid sales in North America, where the company’s namesake brand made particularly strong revenue gains.
 
As the company works to revitalize its brands, however, it is on the fast-growing international market that Revlon is pinning its highest hopes. And this focus looks to be well placed, with JPMorgan Chase & Co. having recently reported on a 5.9% rise in global annual beauty product sales, which totaled $302 billion last year, while GlobalData expects sales of cosmetics and toiletries to total $100 billion in China alone by 2022.  
 
Revlon, Goldman Sachs, and MacAndrews and Forbes have not yet commented on Bloomberg’s report.

Copyright © 2019 FashionNetwork.com All rights reserved.