Major update on future of struggling brand sold in thousands of stores – it could be taken over by Sports Direct owner

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MIKE Ashley’s Frasers Group is considering a takeover of troubled beauty retailer Revolution Beauty.

Revolution told shareholders this morning that Frasers – which owns Sports Direct and Flannels – is one of a number of potential parties considering a takeover bid.

Revolution Beauty is sold in thousands of stores across the UKPixeleyesphotography.co.uk

“There can be no certainty that Frasers’ interest will result in a firm offer for the company,” Revolution added in a statement.