THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Boohoo more than doubles stake in troubled Revolution Beauty

Boohoo has more than doubled its investment in Revolution Beauty Group to give it a 26.47% share of the business. The move builds on the existing… View Article

FASHION RETAIL NEWS UK

Boohoo more than doubles stake in troubled Revolution Beauty

Boohoo has more than doubled its investment in Revolution Beauty Group to give it a 26.47% share of the business.

The move builds on the existing relationship between the two companies under which Revolution Beauty products are sold through several of Boohoo’s direct to consumer brand websites and its online digital department store, Debenhams.

In addition to Debenhams, the group’s portfolio of brands also includes Boohoo, Boohoo Man, Nasty Gal, Pretty Little Thing, Coast, Karen Millen, Miss Pap, Oasis, Burton Menswear, Wallis and Dorothy Perkins.

Boohoo said it intends to be a supportive stakeholder and long-term partner to Revolution Beauty and that it believes the business has long-term growth potential.

Last month, Revolution Beauty founders Adam Minto and Tom Allsworth stepped away from their respective roles of chief executive and chairman of the business amid an investigation into the company’s accounts after issues were flagged.  Yesterday, Revolution Beauty announced that Bob Holt has been appointed as chief executive after providing leadership as interim chief operating officer since 14 October.

Revolution Beauty also said the independent investigation being carried out by Forensic Risk Alliance and Macfarlanes remains ongoing, and no conclusions have been drawn

Subscribe For Retail News