Finance
Mike Ashley's Frasers conducts due diligence for potential Revolution Beauty bid
Published by Global Banking & Finance Review®
Posted on June 9, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 9, 2025
1 min readLast updated: January 23, 2026
Frasers Group, led by Mike Ashley, is among those considering a takeover of Revolution Beauty, which has faced declining sales and leadership changes.
(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)
Billionaire Mike Ashley's Frasers Group is among several parties conducting due diligence for a potential takeover of Revolution Beauty.
Revolution Beauty put itself up for sale in May after experiencing months of declining sales and reaching a settlement with its co-founder and former CEO Adam Minto.
As per LSEG data, Revolution Beauty currently has a market valuation of 23.1 million pounds, which is approximately $31.3 million.
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