Bravo! Brands announced today that the board of directors has retained Gordian Group, LLC, a New York City-based investment bank, to provide financial advisory services that may include the sale of the business.

The beverage company said that Gordian Group had been assigned with assisting the company with "the formulation, evaluation and implementation of various options for a restructuring, reorganization, sale, or other strategic alternatives for the company."

Bravo! Brands evelops, brands, markets, distributes and sells flavoured milk products throughout the US.