Mike Ashley’s Frasers Group is considering a takeover of Revolution Beauty, the troubled beauty retailer has said. Revolution told shareholders on Monday morning that Frasers – which owns Sports Direct and Flannels – “is one of a number of parties conducting due diligence” on the business. #revolution
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00:00Hello, I'm Greg Wright of the Yorkshire Post.
00:04Mike Ashley's Fraser's Group is considering a takeover of Revolution Beauty.
00:10Revolution told shareholders that Fraser's, which owns Sports Direct and Flannels,
00:16is one of a number of parties conducting due diligence on the business.
00:21It comes after Revolution formally put itself up for sale last month
00:25after being approached by an unnamed suitor.