UK cosmetics brand Revolution Beauty, in which fashion e-commerce giant Boohoo holds a stake, announced a new funding round of £32 million in March. This funding will provide the brand with sufficient liquidity to continue its recovery strategy.
On June 26th, Revolution Beauty released its Q1 2023 fiscal year results, showing a 60% YoY sales growth and a profit of £3.4 million (compared to a £7.4 million loss in the same period last year). The gross margin also improved to 48.2%, surpassing last year’s 41.7%.
Prior to this, Revolution Beauty had failed to publish its final annu …
