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Beauty

Revolution Beauty Puts Itself Up For Sale

The British cosmetics maker announced on Wednesday that it has launched a sale process following an unsolicited bid for its business from an unnamed buyer.
Revolution Beauty.
The makeup retailer recently said it was reviewing its funding structure. (Shutterstock)
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British makeup and skin care retailer Revolution Beauty 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 capitalisation of £16.6 million ($22.3 million) as of Tuesday’s close.

By Shashwat Awasthi; Editor: Nivedita Bhattacharjee

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