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Mike Ashley's Frasers pulls out of Revolution Beauty bid

Published by Global Banking & Finance Review

Posted on June 19, 2025

1 min read

· Last updated: January 23, 2026

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(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

Mike Ashley's Frasers Group Withdraws from Revolution Beauty Acquisition

(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)

Key Takeaways

  • Frasers Group will not bid for Revolution Beauty.
  • Revolution Beauty has been struggling with sales.
  • Revolution Beauty's market value is £24.6 million.
  • Debenhams is the largest shareholder in Revolution Beauty.
  • Frasers considered an all-cash bid earlier this month.

Frequently Asked Questions

What decision did Frasers Group make regarding Revolution Beauty?
Frasers Group announced that it will not make an offer for Revolution Beauty, which has been struggling financially.
What was the market valuation of Revolution Beauty?
Revolution Beauty has a market valuation of 24.6 million pounds, equivalent to approximately $32.95 million.
Who is the largest shareholder of Revolution Beauty?
The largest shareholder of Revolution Beauty is British online fashion retailer Debenhams, which recently rebranded from Boohoo.

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