Revlon is on its last lashes—and could soon sell “all or part of its business.” The cosmetics company is losing market share to trendy upstarts, as well as bigger competitors that have done a better job keeping up with young consumers, like L’Oréal SA. Last week, the cosmetics company announced below-expected earnings, following a trend of significant quarterly losses and plummeting share value. Now, they’re looking to Goldman Sachs to come up with “strategic initiatives” to save them, one of which reportedly entails selling. (WSJ)
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