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The Independent UK

Business

Anna Wise

Mike Ashley’s Fraser Group withdraws Revolution Beauty takeover bid

Mike Ashley Revolution Beauty Mike Ashley Frasers Group Frasers Group

Revolution Beauty, which sells make-up and cosmetics online and through concessions, had formally put itself up for sale last month - (Alamy/PA)

Mike Ashley’s Frasers Group has withdrawn its bid for Revolution Beauty, casting fresh doubt over the future of the struggling cosmetics retailer.

The owner of Sports Direct and Flannels confirmed it would not make an offer, despite Revolution Beauty having explored a potential takeover.

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