UK's Revolution Beauty sale process advances with multiple bidders
07/08/2025 16:53
Refiles to fix formatting issue in paragraph 5 Aug 7 (Reuters) - British makeup and skincare retailer Revolution Beauty REVB.L said on Thursday that the sale process it announced in May is progressing, with ongoing engagement from multiple parties. The company did not disclose the identity of any parties. Revolution also confirmed that it is in active discussions with shareholders for a potential equity raise. The company earlier on Thursday rejected a takeover offer from specialist private equity firm True, according to two people familiar with the matter. Revolution, in May, had 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 London-headquartered firm has a market capitalisation of 11.9 million pounds ($15.97 million), according to LSEG data. ($1 = 0.7450 pounds) (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Shailesh Kuber) ((DhanushVignesh.Babu@thomsonreuters.com))