Revolution Beauty in 'ongoing engagement' with several parties over sale process
Revolution Beauty said on Thursday that the formal sale process announced in May continues to progress, with "ongoing engagement with a number of parties".
Revolution Beauty Group
07 August 2025 16:52:47
Source: Sharecast
In a brief statement in response to press speculation, Revolution said: "As previously announced, the company continues to advance its engagement with its shareholders, including in respect of a potential equity raise."
It added that further announcements will be made as appropriate.
The statement came after Reuters reported that Revolution had rejected a takeover offer from specialist private equity firm True.
Reuters cited sources as saying that True was the only company to submit a bid for the firm. However, the offer was seen as undervaluing the company.
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