Revolution Beauty CEO and executive chair ‘step away’ as investigation into accounts continues October 14, 2022 Revolution Beauty CEO and executive chairman have agreed to voluntarily “step away” from day-to-day management of the company as the investigation surrounding accounts continues. The beauty giant did not indicate when Tom Allsworth (Executive Chairman) and Adam Minto (CEO) would return to their duties, but said the move was aimed at allowing them to support [...]
Probe into Revolution Beauty’s accounts flag ‘concerns’ over £9m sales and personal loans made to employees January 13, 2023 An independent investigation into troubled cosmetics maker Revolution Beauty identified concerns, including over certain historical sales, inventory provisioning methods and personal loans made by a former CEO. The probe was instigated by the company’s auditors BDO last autumn and has already claimed the scalp of former chief executive officer Adam Minto who stepped down from the [...]
Revolution Beauty poaches new CFO Elizabeth Lake from Everyman May 13, 2022 Revolution Beauty has announced the appointment of Elizabeth Lake as the company’s new chief financial officer. Lake will replace current chief financial officer Andrew Clark, who stepped down yesterday after three years at the company. To help the business transition, Clark will remain with Revolution Beauty until July. “After what has been an incredibly busy [...]
Makeup seller Revolution Beauty’s sales soar after Boots picks up products May 6, 2022 British makeup seller Revolution Beauty Group today vowed to continue selling “quality products at affordable prices” as the firm said strong demand for “mass market beauty” led to its earnings increasing by 73 per cent year-on-year. The cosmetics firm said its UK sales increased 85 per cent over the previous year, following the successful rollout [...]
Revolution Beauty plots US expansion as sales soar November 24, 2021 Revolution Beauty's half year results have been lifted by surging demand for makeup amid the worldwide lifting of lockdown restrictions.
Revolution Beauty to make stock market debut July 13, 2021 Revolution Beauty are plotting a float on London’s alternative markets valuing the company at nearly half a billion pounds. The float has received strong support from shareholders and was significantly oversubscribed, the UK-based firm said this morning. Read more: Asos enters deal with Nordstrom to bolster Topshop’s US presence Adam Minto, the beauty firm’s boss [...]
Revolution Beauty eyes float on London’s junior market June 29, 2021 Makeup group Revolution Beauty is plotting a float on the London Stock Exchange’s junior AIM market, it said in a statement today, having agreed to a £90m share placement. Expected to take place in July, the float will see Jupiter Asset Management pledge the £90m. A final figure for the float is yet to be [...]
Revolution Beauty plans launch in 100s of UK stores amid booming growth September 27, 2021 Revolution Beauty has announced plans to expand into over 350 UK Boots stores after sales surged in the first half of the year. The ethical makeup company has announced half year revenues of £78m in 2021, up by 35 per cent compared to a year prior. Sales were driven by the company’s expansion in the [...]
Revolution Beauty shares run rouge in London junior market debut July 19, 2021 Revolution Beauty, which debuted a £300m placing on London’s junior market today, has seen its shares plummet over four per cent. With its ordinary shares listed at 160p per piece, the company’s valuation is around $495m. The British beauty group began trading at 08:00 under the ticker REVB after an oversubscribed fundraiser last week. Revolution, [...]
Revolution v Boohoo: A dummy’s guide to the beauty bust-up June 29, 2023 Why is Boohoo causing tears? Boohoo, which holds a 26.6 per cent stake in Revolution, wanted to boot out Revolution’s chief executive Bob Holt, chairman Derek Zissman and chief financial officer Elizabeth Lake. Boohoo wanted to replace them with three new people – New Look executive chairman Alistair McGeorge, Boohoo executive director Neil Catto and [...]