Ron Perelman's garage sale continues. The billionaire said he is considering selling part of Revlon, hoping to bolster its sagging stock price and hack away at its staggering $1.7 billion of debt. Perelman's announcement came just three months after he sold the money-losing Consolidated Cigar, and nearly a year after Revlon booked a $48 million loss for dumping its retail operation The Cosmetics Center. Perelman has hired the investment banks Goldman Sachs and Lazard Freres to help him find buyers. Revlon's brands include Revlon, ColorStay, Ultima and Almay. "It's as good a time as any to sell," said Kurt Barnard of Barnard's Retail Trend Report. "The company is basically in good shape, but it has a tremendous overhang of debt. He's willing to take that into account and he'll probably end up getting a bargain basement price." News of Revlon's possible sale does not come as a surprise.