UK's Revolution Beauty explores sale after takeover approach (updated)
21/05/2025 07:28
Adds background, details in paragraphs 2, 3 May 21 (Reuters) - British makeup and skin care retailer Revolution Beauty REVB.L said on Wednesday it was exploring a sale after it received a preliminary takeover approach. The move comes days after the company said it was reviewing its funding structure and mulling a fundraise from key shareholders after its annual sales slumped by more than a quarter. The company did not disclose the identity of the potential bidder. Revolution Beauty had a market capitalization of 16.6 million pounds ($22.3 million) as of Tuesday's close. ($1 = 0.7435 pounds) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Nivedita Bhattacharjee) ((Shashwat.Awasthi@tr.com))