Online fashion retailer Boohoo acquires 7.1% of Revolution Beauty
Reuters
Published Aug 17, 2022 07:44
Updated Aug 17, 2022 15:35
(Reuters) -British online fashion retailer Boohoo said on Wednesday it had acquired a 7.1% stake in Revolution Beauty Group, making it the fourth-largest shareholder of the beauty products maker.
Boohoo already sells Revolution Beauty products through several of the group's direct-to-consumer brand websites and its online digital department store, Debenhams.
UK-based Revolution Beauty on Aug. 11 had flagged certain accounting issues raised by their auditors which could potentially result in a material impact on the firm's 2022 results, sending its shares down 55%.
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Written By: Reuters
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