Revolution Beauty Group (LON: REVB) shares have surged by over 21% to 8.78p in early Monday trading after the company confirmed that Frasers Group (LON: FRAS) is exploring a potential takeover bid.
The cosmetics company revealed that Frasers is among several parties conducting due diligence as part of a formal sale process announced on 21 May 2025.
Sky News first reported over the weekend that Mike Ashley's Frasers Group, which owns prominent retailers like House of Fraser, was considering an offer for the struggling beauty brand.
Revolution Beauty put itself up for sale last month, seeking to establish a “more robust capital structure.”
Even after today’s move, Revolution Beauty's share price has struggled significantly, with its stock having plummeted over 70% in the last year amid accounting probes and settlements.
In May, the stock fell as low as 7.7p, while for the year-to-date, it is down nearly 48%.
Revolution Beauty’s statement suggests there are a few firms interested in potentially acquiring the company.
However, the company cautioned shareholders that there is “no certainty” Frasers' interest will lead to a firm offer, advising them to take no action at this time.
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