Fashion group Boohoo has doubled it’s stake in Revolution Beauty with a increase of 25% as the brands continues an investigation into it’s audit reporting.
Boohoo has increased its investment from 12.8 percent to 26.4 percent, making it the beauty brand’s largest single shareholder, stating in a regulatory filing that the investment reflected the group’s “belief in the growth potential” of the company, noting that it intends to be a “supportive stakeholder and long-term partner”.
Products by Revolution Beauty are already sold through several Boohoo-owned brands which include it’s online digital store Debenhams.
