In an annual trading update, Revolution Beauty Group said that it now expects net sales to decline 25 percent and high single digit millions underlying adjusted EBITDA supported by the continued positive delivery of operational and cost savings programmes. The company discontinued over 6,000 unproductive SKUs – around 75 percent of its original...
23 Jan 2025
Revolution Beauty has announced entry into a confidential settlement with Chrysalis Investments Limited after it was met with a legal challenge from the former investor at the beginning of 2024. In January last year, Chrysalis said it had potential claims against Revolution due to “causes of action of deceit, negligent misstatement and/or...
3 Jan 2025
For the first half year, Revolution Beauty Group revenue declined by 20 percent to 72.4 million pounds, driven by the planned simplification of the product portfolio and the discontinuation of unproductive SKUs. The company said in a release that the decline also reflects significant stock clearance activity in the first half of FY24. Commenting...
19 Nov 2024
For the six month period, Revolution Beauty reported a 20 percent decline in net sales to 72 million pounds, driven by the planned simplification of the product portfolio and the associated discontinuation of unproductive SKUs. The company said that the decline also reflects significant stock clearance activity in the first half of FY24....
9 Oct 2024
Full year sales at Revolution Beauty Group increased 2 percent to 191.3 million pounds, while profit before tax was 11.4 million pounds versus loss of 33.9 million pounds in FY23. The company said that strong performance in the rest of world segment more than offset weakness in US and e-commerce. Commenting on the company’s results, Lauren...
26 Jun 2024
In a trading update for the full year, Revolution Beauty said that the group has continued to deliver a strong operational performance and year-on-year improvement in profitability since its capital markets event (CME). As a result, the board now expects to report adjusted EBITDA of at least 12.5 million pounds and revenue growth of...
28 Mar 2024
Now under the direction of an entirely refreshed executive team, the once struggling Revolution Beauty has its sights set on a more positive outlook, with an ambition to drive annual retail brand sales of one billion pounds by 2030. The mission comes as part of the group’s new ‘Reigniting the Revolution’ strategy, which is being put into place...
8 Feb 2024
Revolution Beauty has announced the appointment of Erin Cast as president of North America. Cast’s appointment, the company said in a statement, underlines the significance of North America to Revolution Beauty’s growth ambitions. Based in New York, she will build upon the group’s strong foundations within the large and attractive markets of the...
19 Dec 2023
Revolution Beauty has announced that its chief executive officer Elizabeth Lake will be stepping down from the board with immediate effect. She will be succeeded by current non-executive director Neil Catto, whose planned appointment had initially been speculated back in July when the brand’s majority shareholder, Boohoo Group, initiated a...
14 Dec 2023
Following a year of mishaps and legal trouble, Revolution Beauty has confirmed that it is currently in negotiations with founder Adam Minto on a potential agreement to settle a legal proceeding brought against the former chief executive. In a release issued through the London Stock Exchange, on which Revolution is listed, the beauty brand...
27 Nov 2023
Revolution Beauty has appointed former Walgreens exec Lauren Brindley as new group CEO as it revealed narrowing losses and a small increase in revenue in its most recent full-year report. The British beauty giant made a loss of 33.6 million pounds in the 12 months to February 28 compared to a loss of 44.3 million pounds in FY22, while revenue...
4 Sept 2023
Following the settlement of an ongoing rift between the duo, fashion group Boohoo has once again upped its stake in British cosmetics firm Revolution Beauty. Boohoo, which was already a majority shareholder in the beauty label, has now increased its holding from 26.5 percent to just over 27.1 percent. The group first snapped up a stake in...
25 Jul 2023