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Evening Standard
Evening Standard
Anna Wise

Frasers pulls out of bidding for Revolution Beauty after mulling takeover

Mike Ashley’s Frasers Group has pulled out of the bidding process for Revolution Beauty, after the cosmetics retailer told shareholders it had been exploring a possible takeover.

Frasers, the retail giant which owns Sports Direct and Flannels, said it “now confirms that it does not intend to make an offer” to buy the business.

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