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Revlon to explore options

Aug 16 (Reuters) - Revlon Inc's largest shareholder said on Friday that the firm and the cosmetics maker would explore options for the business.

MacAndrews and Forbes, the holding company through which billionaire Ronald Perelman owns about 87% stake in Revlon, disclosed in an SEC filing that an external financial adviser has been retained to help in the efforts. (Reporting by Soundarya J in Bengaluru; Editing by Shinjini Ganguli)