Major update on future of struggling brand sold in thousands of stores – and it could be sold to Sports Direct owner
MIKE Ashley's Frasers Group is considering a takeover of troubled beauty retailer Revolution Beauty.
Revolution told shareholders this morning that Frasers – which owns Sports Direct and Flannels – is one of a number of potential parties considering a takeover bid.
The beauty brand formally put itself up for sale last month after being approached by an unnamed suitor.
It said at the time it was evaluating its options and invited other suitors to contact its advisers.
"There can be no certainty that Frasers' interest will result in a firm offer for the company," Revolution added in a statement today.
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