Revolution Beauty news and archive

Debenhams Group to back Revolution Beauty fundraise

Debenhams Group – formerly Boohoo Group – has said it intends to support Revolution Beauty’s proposed 15 million pound fundraise and plans to subscribe for shares proportionate to its entitlement. The fashion group, which holds 27.03 percent of Revolution’s issued share capital, also announced it was in discussions with the beauty brand to...

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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 receives preliminary takeover offer amid business review

Revolution Beauty has confirmed that it has received a preliminary offer for its entire issued and to be issued share capital. The proposal comes amid a review of its funding structure which began earlier in May when it announced that its key shareholders had backed an equity raise. The British beauty brand has now enacted a formal sale process,...

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Revolution Beauty CEO moves to Ulta Beauty, interim appointed

The chief executive officer of Revolution Beauty, Lauren Brindley, has stepped down from the helm position to take on the role of chief merchandising and digital officer of US beauty retailer Ulta Beauty. In Brindley’s place will be Colin Henry, who will take on the CEO position on an interim basis. Henry has served as a non-executive director...

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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...