Revolution Beauty news and archive

Frasers Group drops out of Revolution Beauty race

Sports Direct owner Frasers Group has pulled out of the bidding race for Revolution Beauty. The retail giant said in a regulatory filing that it “now confirms that it does not intend to make an offer” for the British cosmetics brand. Revolution Beauty launched its formal sales process last month after receiving a preliminary takeover offer for...

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Frasers Group considers all cash bid for Revolution Beauty

Frasers Group has made a bid for British cosmetics brand Revolution Beauty. With this, Sports Direct’s parent company has joined “a number of parties conducting due diligence as part of the formal sale process”, the brand announced in a regulatory filing. Frasers confirmed its participation in its own filing, where it stated that it is...

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Revolution Beauty projects 25 percent sales decline for FY25

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...

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Revolution Beauty comes to settlement agreement with former investor

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...

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Revolution Beauty posts 20 percent sales decline

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...

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Revolution Beauty: H1 net sales decline by 20 percent

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....

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Revolution Beauty posts full year profit

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...

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Revolution Beauty raises FY24 outlook

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...

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Revolution Beauty eyes one billion pound revenue target under new team

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...

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Revolution Beauty appoints Erin Cast as president of North America

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...

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Revolution CFO steps down, completing Boohoo’s boardroom takeover

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...

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Revolution Beauty negotiating with founder over settlement funds

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...