UK's Revolution Beauty explores sale after takeover approach
May 21 (Reuters) - British makeup and skin care retailer Revolution Beauty (REVB.L), opens new tab said on Wednesday it was exploring a sale after it received a preliminary takeover approach.
The move comes days after the company said it was reviewing its funding structure and mulling a fundraise from key shareholders after its annual sales slumped by more than a quarter.
The company did not disclose the identity of the potential bidder.
Revolution Beauty had a market capitalization of 16.6 million pounds ($22.3 million) as of Tuesday's close.
($1 = 0.7435 pounds)
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