Latest news with #RevolutionBeauty
Fashion Network
4 hours ago
- Business
- Fashion Network
Frasers confirms Revolution Beauty interest, also writes to Boohoo/Debenhams about finances
Frasers Group has confirmed it's interested in acquiring up-for-sale Revolution Beauty although few details are available so far. The acquisitive group said that it 'confirms its participation in the Formal Sale Process announced on 21 May 2025. It is currently contemplated that any offer for the issued and to be issued share capital of Revolution Beauty would be all cash'. A day earlier it had said it was one of a number of parties doing due diligence and in the latest update it repeated its earlier insistence that 'there can be no certainty that an offer will be made for Revolution Beauty nor as to the terms on which any offer might be made'. Of course, that interest in acquiring the company sets it up for more potential conflict with Boohoo Group/Debenhams Group. That company owns close to a 30% stake in Revolution Beauty and in normal circumstances might have been expected to mount a full takeover attempt itself. This is still an option with Revolution having a market capitalisation of less than £27 million (and the share price currently lower than that at which Boohoo built up its current stake). But there's no denying that Frasers has more financial flexibility than Boohoo/Debenhams if it came to a bidding war, with the latter still believed to be in talks about a reported £175 million debt package. And on that subject, the Telegraph has reported that Frasers has offered Boohoo/Debenhams 'a financial lifeline' with controlling shareholder Mike Ashley having written to Boohoo's non-executive chairman Tim Morris about a meeting 'to discuss the possibility of becoming a lender to the company as well as its biggest shareholder'. The newspaper cited a letter written via lawyers saying Frasers has 'been seeking to arrange an urgent meeting between Mr Ashley and you as the chairman of Boohoo for several weeks'. The letter also reportedly said that 'Frasers stands ready and able to assist Boohoo with any refinancing in order that Boohoo has a suitable and sustainable path forward'.
Fashion Network
4 hours ago
- Business
- Fashion Network
Frasers confirms Revolution Beauty interest, also writes to Boohoo/Debenhams about finances
By Frasers Group has confirmed it's interested in acquiring up-for-sale Revolution Beauty although few details are available so far. The acquisitive group said that it 'confirms its participation in the Formal Sale Process announced on 21 May 2025. It is currently contemplated that any offer for the issued and to be issued share capital of Revolution Beauty would be all cash'. A day earlier it had said it was one of a number of parties doing due diligence and in the latest update it repeated its earlier insistence that 'there can be no certainty that an offer will be made for Revolution Beauty nor as to the terms on which any offer might be made'. Of course, that interest in acquiring the company sets it up for more potential conflict with Boohoo Group/Debenhams Group. That company owns close to a 30% stake in Revolution Beauty and in normal circumstances might have been expected to mount a full takeover attempt itself. This is still an option with Revolution having a market capitalisation of less than £27 million (and the share price currently lower than that at which Boohoo built up its current stake). But there's no denying that Frasers has more financial flexibility than Boohoo/Debenhams if it came to a bidding war, with the latter still believed to be in talks about a reported £175 million debt package. And on that subject, the Telegraph has reported that Frasers has offered Boohoo/Debenhams 'a financial lifeline' with controlling shareholder Mike Ashley having written to Boohoo's non-executive chairman Tim Morris about a meeting 'to discuss the possibility of becoming a lender to the company as well as its biggest shareholder'. The newspaper cited a letter written via lawyers saying Frasers has 'been seeking to arrange an urgent meeting between Mr Ashley and you as the chairman of Boohoo for several weeks'. The letter also reportedly said that 'Frasers stands ready and able to assist Boohoo with any refinancing in order that Boohoo has a suitable and sustainable path forward'.
Fashion Network
4 hours ago
- Business
- Fashion Network
Frasers confirms Revolution Beauty interest, also writes to Boohoo/Debenhams about finances
Frasers Group has confirmed it's interested in acquiring up-for-sale Revolution Beauty although few details are available so far. The acquisitive group said that it 'confirms its participation in the Formal Sale Process announced on 21 May 2025. It is currently contemplated that any offer for the issued and to be issued share capital of Revolution Beauty would be all cash'. A day earlier it had said it was one of a number of parties doing due diligence and in the latest update it repeated its earlier insistence that 'there can be no certainty that an offer will be made for Revolution Beauty nor as to the terms on which any offer might be made'. Of course, that interest in acquiring the company sets it up for more potential conflict with Boohoo Group/Debenhams Group. That company owns close to a 30% stake in Revolution Beauty and in normal circumstances might have been expected to mount a full takeover attempt itself. This is still an option with Revolution having a market capitalisation of less than £27 million (and the share price currently lower than that at which Boohoo built up its current stake). But there's no denying that Frasers has more financial flexibility than Boohoo/Debenhams if it came to a bidding war, with the latter still believed to be in talks about a reported £175 million debt package. And on that subject, the Telegraph has reported that Frasers has offered Boohoo/Debenhams 'a financial lifeline' with controlling shareholder Mike Ashley having written to Boohoo's non-executive chairman Tim Morris about a meeting 'to discuss the possibility of becoming a lender to the company as well as its biggest shareholder'. The newspaper cited a letter written via lawyers saying Frasers has 'been seeking to arrange an urgent meeting between Mr Ashley and you as the chairman of Boohoo for several weeks'. The letter also reportedly said that 'Frasers stands ready and able to assist Boohoo with any refinancing in order that Boohoo has a suitable and sustainable path forward'.
Fashion Network
5 hours ago
- Business
- Fashion Network
Frasers confirms Revolution Beauty interest, also offers 'financial lifeline' to Boohoo/Debenhams
Frasers Group has confirmed it's interested in acquiring up-for-sale Revolution Beauty although few details are available so far. The acquisitive group said that it 'confirms its participation in the Formal Sale Process announced on 21 May 2025. It is currently contemplated that any offer for the issued and to be issued share capital of Revolution Beauty would be all cash'. A day earlier it had said it was one of a number of parties doing due diligence and in the latest update it repeated its earlier insistence that 'there can be no certainty that an offer will be made for Revolution Beauty nor as to the terms on which any offer might be made'. Of course, that interest in acquiring the company sets it up for more potential conflict with Boohoo Group/Debenhams Group. That company owns close to a 30% stake in Revolution Beauty and in normal circumstances might have been expected to mount a full takeover attempt itself. This is still an option with Revolution having a market capitalisation of less than £27 million (and the share price currently lower than that at which Boohoo built up its current stake). But there's no denying that Frasers has more financial flexibility than Boohoo/Debenhams if it came to a bidding war, with the latter still believed to be in talks about a reported £175 million debt package. And on that subject, the Telegraph has reported that Frasers has offered Boohoo/Debenhams 'a financial lifeline' with controlling shareholder Mike Ashley having written to Boohoo's non-executive chairman Tim Morris about a meeting 'to discuss the possibility of becoming a lender to the company as well as its biggest shareholder'. The newspaper cited a letter written via lawyers saying Frasers has 'been seeking to arrange an urgent meeting between Mr Ashley and you as the chairman of Boohoo for several weeks'. The letter also reportedly said that 'Frasers stands ready and able to assist Boohoo with any refinancing in order that Boohoo has a suitable and sustainable path forward'.
Fashion Network
5 hours ago
- Business
- Fashion Network
Frasers confirms Revolution Beauty interest, also offers 'financial lifeline' to Boohoo/Debenhams
Frasers Group has confirmed it's interested in acquiring up-for-sale Revolution Beauty although few details are available so far. The acquisitive group said that it 'confirms its participation in the Formal Sale Process announced on 21 May 2025. It is currently contemplated that any offer for the issued and to be issued share capital of Revolution Beauty would be all cash'. A day earlier it had said it was one of a number of parties doing due diligence and in the latest update it repeated its earlier insistence that 'there can be no certainty that an offer will be made for Revolution Beauty nor as to the terms on which any offer might be made'. Of course, that interest in acquiring the company sets it up for more potential conflict with Boohoo Group/Debenhams Group. That company owns close to a 30% stake in Revolution Beauty and in normal circumstances might have been expected to mount a full takeover attempt itself. This is still an option with Revolution having a market capitalisation of less than £27 million (and the share price currently lower than that at which Boohoo built up its current stake). But there's no denying that Frasers has more financial flexibility than Boohoo/Debenhams if it came to a bidding war, with the latter still believed to be in talks about a reported £175 million debt package. And on that subject, the Telegraph has reported that Frasers has offered Boohoo/Debenhams 'a financial lifeline' with controlling shareholder Mike Ashley having written to Boohoo's non-executive chairman Tim Morris about a meeting 'to discuss the possibility of becoming a lender to the company as well as its biggest shareholder'. The newspaper cited a letter written via lawyers saying Frasers has 'been seeking to arrange an urgent meeting between Mr Ashley and you as the chairman of Boohoo for several weeks'. The letter also reportedly said that 'Frasers stands ready and able to assist Boohoo with any refinancing in order that Boohoo has a suitable and sustainable path forward'.
