×
253
Fashion Jobs
SHOPPERS STOP LTD
Unit HR Head
Permanent · MUMBAI
FLOOR & FURNISHINGS INDIA PRIVATE LIMITED
Sales Executive/ Sales Officer
Permanent · PANCHKULA
SELECTIVE GLOBAL SEARCH PVT. LTD.
Retail Sales Executive
Permanent · MUMBAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HALDWANI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Aligarh
SREEDHARA TEXTILES PRIVATE LIMITED
Deputy Manager - Fabric
Permanent · COIMBATORE
PANACEA VENCER
we Have Opening For Accounts Manager & Finance Manger For Garments
Permanent · COIMBATORE
JOBZ DADDY
Category Head For Home Decor of The Top Most Designer of India
Permanent · GURUGRAM
SMART SOURCE
Manager Market Place - Leading Fashion Retail - Bangalore
Permanent · Bengaluru
NCDI PLACEMENT CONSULTANCY
Accounts Executive For Retail Industry
Permanent · Lucknow
NCDI PLACEMENT CONSULTANCY
Customer Relationship Managere For Retail Industry
Permanent · LUCKNOW
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
HECTOR AND STREAK CONSULTING PVT LTD
Assistant Manager Production - Textile,Fabrics,Plastic,
Permanent · NASHIK
HECTOR AND STREAK CONSULTING PVT LTD
Manager Accounts - For a Manufacturing Company in Mumbai
Permanent · Mumbai
GENIUS CONSULTANTS LIMITED
Warehouse Manager in a Leading Garments Manufacturing Company
Permanent · Kolkata
GENIUS CONSULTANTS LIMITED
Digital Marketing Executive@ Hiring is Going on
Permanent · Kolkata
SUPER FASHION
HR Manager / sr. HR Manager (For Garments Industry)
Permanent · Faridabad

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 © 2020 FashionNetwork.com All rights reserved.