Revolution Beauty Rejects Private Equity Bid
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4 Articles
Revolution Beauty Rejects Private Equity Bid
Revolution Beauty, the struggling cosmetics retailer that put itself up for sale in May, has reportedly rejected a takeover offer from specialist private equity firm True. The company has had a torrid run on the London stock market and now (more…) The post Revolution Beauty Rejects Private Equity Bid appeared first on KamCity.
Revolution Beauty rejects PE bid amid ongoing sales process
Revolution Beauty has reportedly turned down a bid from specialist private equity firm True, according to reports from Reuters. The company confirmed that it is continuing to advance its engagement with its shareholders, including in respect of a potential equity raise. As a result of this the company’s share price dropped over 7% at the time of writing since the markets opened on Friday morning (8 August). Revolution began a formal sales proces…
Revolution Beauty shares fall after rejecting private equity bid - Retail Gazette
Revolution Beauty has turned down a takeover proposal from private equity firm True, according to sources familiar with the matter. The London-listed cosmetics retailer is now expected to revisit plans for a capital raise involving its current shareholders. The company’s shares dropped 13% to close at 325 pence following the announcement. Revolution Beauty began exploring a sale process in May. By June, it had received interest from several part…
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