Shares of beauty-products maker Revlon (REV) - Get Revlon, Inc. Class A Report jumped 9% Thursday as Bloomberg reported that the company hired Goldman Sachs (GS) - Get Goldman Sachs Group, Inc. Report to explore strategic alternatives.
Those alternatives could include potential sales of all or parts of the business, according to Bloomberg's sources.
While the New York company has not decided on a path yet, all options are on the table, according to the report.
Revlon couldn't immediately be reached for comment.
The company has more than $3 billion of debt on its balance sheet, Bloomberg reported.
The stock was at $15.89 in afternoon trading Thursday.
It's been trading near its 52-week low of $13.58 in recent weeks and is now more than half its $29.62-per-share 52-week high.
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