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Elsewhere in UK retail, Mark Ashley’s Frasers Group has confirmed that it is in the race to buy Revolution Beauty and is considering a cash-only offer for the struggling beauty firm, which put itself up for sale last month.

Revolution Beauty said on Monday that Frasers is “one of a number of parties conducting due diligence as part of the formal sale process announced on 21 May”. Frasers put out a statement today, confirming its participation in the sale process, but adding that there can be no certainty that an offer will be made.