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Revolution Beauty Group PLC on Monday confirmed Frasers Group PLC is one of a number of parties eyeing a bid for the company. The London-based cosmetics retailer said Frasers Group is ‘one of a number of parties conducting due diligence’ as part of the formal sale process announced in May. Shares in Revolution Beauty rose 18% to 8.50 pence each in London on Monday morning. Frasers Group was unchanged at 728.50p each. Shirebrook, England-based Frasers owns multiple retail brands, including House of Fraser, Sports Direct and Flannels, as well as stakes in Asos PLC, Hugo Boss and boohoo Group PLC. Revolution Beauty said there can be no certainty that Frasers’ interest will result in a firm offer for the company. On Saturday, Sky News reported Frasers has approached Revolution Beauty about a potential offer for the company. In May, Revolution Beauty said it had received a preliminary approach regarding a possible offer leading it to commence a ‘formal sale process’. Last Thursday, Revolution Beauty said the process was ‘on-going with a high degree of engagement and interest’. The sale process is being managed by Panmure Liberum, and Revolution Beauty expects interested parties to submit expressions of interest by Wednesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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