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DeepNewz, mobile.
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Revolution Beauty, a UK-based cosmetics company, has entered a formal sales process following an initial takeover approach. The potential offer has led to a 35% increase in Revolution Beauty's share price. As part of the sale process, Iain McDonald is set to be appointed as Non-Executive Chair. McDonald is currently a Non-Executive Director of DEBS, which holds a 27% stake in Revolution Beauty, and has previous experience as Chairman of SELK and as a Non-Executive Director of THG. Meanwhile, the Novi group is refocusing on its historic brand, Beauty Success.
🇬🇧 Revolution Beauty enters formal sales process following initial takeover approach https://t.co/6OPoXnTwJh
🇬🇧 Revolution Beauty puts itself up for sale after bid approach https://t.co/YIsqzESjAN
$REVB.L Wot, #RevolutionBeauty receives Possible Offer (#REVB up +35%) so Iain McDonald to be apptd Non-Exec Chair of a Formal Sale Process... ..despite being an NED* of #DEBS, a 27.0% stakeholder in #REVB!?! https://t.co/grmIDZrw4A *And Chairman of #SELK/former NED of #THG!
