Frasers Group is among the businesses interested in taking over cosmetics firm Revolution Beauty.
Revolution Beauty confirmed that ”Frasers is one of a number of parties conducting due diligence as part of the Formal Sale Process announced on May 21, 2025”.
“There can be no certainty that Frasers’ interest will result in a firm offer for the company,” it added.
Reports emerged over the weekend that Mike Ashley was looking to make an offer for Revolution Beauty.
Revolution Beauty is stocked in major retailers including Superdrug, Boots, Asos and Debenhams in the UK. International stockists include Walmart in the US and DM in Germany.
Debenhams Group holds a large minority stake in the brand.
Revolution Beauty announced plans for a formal sales process after receiving a takeover offer from an unnamed company in late May.
It set a deadline of June 11 for potential buyers to submit expressions of interest.
Earlier in the month, it announced that it was trimming its profit forecast for the 2025 financial year. The cosmetics firm also reported a sales drop of 26% year on year, citing a rationalisation of its product and brand portfolio.
It announced the exit of chief executive Lauren Brindley in April, with Colin Henry taking on the role on an interim basis.
No comments yet