×
437
Fashion Jobs
MAJE
Supervisor - Selfridges, London
Permanent · LONDON
HARRODS
Technogym -Wellness Consultant
Permanent · LONDON
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
TOO FACED
Business Manager - Stockton on Tees Teeside, UK
Permanent ·
Advertisements

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.