Revolution Beauty to halt share trading

By Sarah Parsons | Published: 23-Aug-2022

The news comes as the fast beauty retailer received more investment from Boohoo

Revolution Beauty Group, the British skin care and make-up brand, has announced that trading company shares will be suspended from 1 September.

The cosmetics company confirmed that it does not expect to release its FY2022 results by 31 August after auditors flagged accounting issues.

The halt comes after fast fashion retailer Boohoo doubled its minority stake in Revolution Beauty on Wednesday.

Shares in Revolution Beauty dropped by 41%.

Revolution Beauty floated on London's AIM market in 2021 with an initial valuation of the business at nearly £500m.

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