Marathon urges e.l.f. Beauty to consider strategic options

Sept 12 (Reuters) - Activist investor Marathon Partners Equity Management on Wednesday urged cosmetics maker e.l.f. Beauty Inc to consider strategic options, including cost cuts or a potential sale.

Marathon and its affiliated investment funds own about 8.5 percent of the common stock of the company, the hedge fund said.

The company did not immediately respond to a request for comment. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

2018-09-12 20:05:09

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