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Ashley's Frasers Explores Bid for Ailing Revolution Beauty
- Mike Ashley's Frasers Group is among several parties conducting due diligence on Revolution Beauty following the company's decision to put itself on the market last month.
- Revolution's decision followed a 26% sales drop to £141.6 million for the year ending February 28 and a steep share price decline.
- The beauty company is confronting difficulties such as accounting probes, leadership conflicts, and the necessity to strengthen its financial foundation before the current £32 million loan arrangement comes to an end this October.
- Revolution told shareholders that Frasers is among several parties conducting due diligence, but there is no guarantee this will lead to a firm offer.
- If the acquisition goes ahead, it could broaden Frasers' range of retail brands but might also heighten conflicts with a competing shareholder that owns a significant minority interest in Revolution Beauty.
16 Articles
16 Articles
The Independent
perspectivemedia.comFrasers Group considers takeover deal for Revolution Beauty
Mike Ashley’s retail giant ‘is one of a number of parties conducting due diligence’ on the business.
Sky News UK
Ashley's Frasers explores bid for ailing Revolution Beauty
The retail billionaire's Frasers Group has expressed an interest in exploring a takeover of the struggling London-listed cosmetics group Revolution Beauty, Sky News learns.
Frasers mulls all-cash bid for Revolution Beauty
Frasers Group has confirmed it is participating in a formal sale process of Revolution Beauty, which could see it acquire the group through an all-cash bid. In a filing released today (10 June), the Mike Ashley-owned group revealed that “any offer for the issued and to be issued share capital of Revolution Beauty would be all cash”. However, it added that there could “be no certainty that an offer will be made for Revolution Beauty nor as to the…
AIM movers: Frasers Group approach to Revolution Beauty and Cordel disappoints
Argentex Group (LON: AGFX) has received a non-binding proposal from Lavide Holding NV for a £2.5m investment in shares and the provision of a £15m credit facility. This has been rejected because it is not a full offer for the company. The share price rebounded 29.6% to 3.175p. EnergyPathways (LON: EPP) has engaged Zeith Energy […] The post AIM movers: Frasers Group approach to Revolution Beauty and Cordel disappoints appeared first on UK Investo…
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