A lawyer for Revlon Inc. told a Manhattan judge Thursday that the company is exploring a possible sale as a way to exit Chapter 11 bankruptcy quickly.
Revlon attorney Paul Basta told U.S. Bankruptcy Judge David Jones that the New York City-based company has stabilized its relationship with vendors and completed a long-term business plan and is working with interested bidders, Fashion Network reported. But Revlon’s junior shareholders argued in court that a quick sale would only benefit senior…
