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Home > Finance > Mike Ashley's Frasers conducts due diligence for potential Revolution Beauty bid

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Mike Ashley's Frasers conducts due diligence for potential Revolution Beauty bid

Published by Global Banking and Finance Review

Posted on June 9, 2025

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(Reuters) -Revolution Beauty said on Monday that billionaire Mike Ashley's Frasers Group is among several parties conducting due diligence for a potential takeover of the struggling British cosmetics company.

The branded cosmetics seller put itself up for sale in May after months of languishing sales and reaching a settlement with its co-founder and former-CEO Adam Minto, which wiped out more than 70% of the company's value.

It currently has a market valuation of 23.1 million pounds ($31.3 million), as per LSEG data.

($1 = 0.7380 pounds)

(Reporting by Yamini Kalia and Shashwat Awasthi in Bengaluru; Editing by Sumana Nandy)

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