Last month, the struggling company hired Goldman Sachs to review its financial situation
Actress Gal Gadot for Revlon's Live Boldy campaign
After a year of sluggish sales, cosmetics giant Revlon is preparing to reach out to potential buyers.
Sources close to the company told Bloomberg the firm was hoping to find a buyer to help turn the ailing business around without taking it private.
However, the firm has been struggling with its portfolio sales since 2017, despite Elizabeth Arden reporting a 10.7% rise in sales.
According to Bloomberg, Revlon’s majority owner MacAndrews & Forbes is not considering taking the company private.