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Revolution Beauty Rejects Bid From Private Equity Firm, Sources Say

The cosmetic group has rejected a takeover offer from True, a private equity firm, and is now likely to pursue a capital raise from existing shareholders.
Revolution Beauty London
Revolution Beauty, whose products retail online and via high street stores including Boots and Superdrug, kicked off a sale process in May, and in June said it had received proposals from a number of parties. (Shutterstock)

Revolution Beauty has rejected a takeover offer from specialist private equity firm True, leaving the cosmetics group likely to revive a capital raising from existing shareholders, two people familiar with the matter said.

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