Finance
Mike Ashley's Frasers pulls out of Revolution Beauty bid
Published by Global Banking & Finance Review®
Posted on June 19, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 19, 2025
1 min readLast updated: January 23, 2026
Frasers Group, led by Mike Ashley, has decided not to pursue an acquisition of the struggling British cosmetics company Revolution Beauty.
(Reuters) -Billionaire Mike Ashley's Frasers Group said on Thursday it will not make an offer for struggling British cosmetics group Revolution Beauty.
Frasers earlier this month said it was considering an all-cash bid for Revolution, which put itself up for sale in May after months of languishing sales.
The cosmetics seller has a market valuation of 24.6 million pounds ($32.95 million), according to LSEG data.
British online fashion retailer Debenhams, which recently rebranded itself from Boohoo, is Revolution Beauty's largest shareholder.
($1 = 0.7467 pounds)
(Reporting by DhanushVignesh Babu and Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)
Frasers Group announced that it will not make an offer for Revolution Beauty, which has been struggling financially.
Revolution Beauty has a market valuation of 24.6 million pounds, equivalent to approximately $32.95 million.
The largest shareholder of Revolution Beauty is British online fashion retailer Debenhams, which recently rebranded from Boohoo.
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