#Latest news with #TheEndoftheLipstickIndexBusiness of Fashion21-05-2025BusinessBusiness of FashionRevolution Beauty Puts Itself Up For SaleBritish makeup and skin care retailer Revolution Beauty said on Wednesday it was exploring a sale after it received a preliminary takeover approach. The move comes days after the company said it was reviewing its funding structure and mulling a fundraise from key shareholders after its annual sales slumped by more than a quarter. The company did not disclose the identity of the potential bidder. Revolution Beauty had a market capitalisation of £16.6 million ($22.3 million) as of Tuesday's close. By Shashwat Awasthi; Editor: Nivedita Bhattacharjee ADVERTISEMENT Learn more: The End of the Lipstick Index After years of double-digit growth and a perception of being impervious to wider economic downturns, the beauty industry is finding that cash-strapped customers aren't interested in 'little luxuries.'
Business of Fashion21-05-2025BusinessBusiness of FashionRevolution Beauty Puts Itself Up For SaleBritish makeup and skin care retailer Revolution Beauty said on Wednesday it was exploring a sale after it received a preliminary takeover approach. The move comes days after the company said it was reviewing its funding structure and mulling a fundraise from key shareholders after its annual sales slumped by more than a quarter. The company did not disclose the identity of the potential bidder. Revolution Beauty had a market capitalisation of £16.6 million ($22.3 million) as of Tuesday's close. By Shashwat Awasthi; Editor: Nivedita Bhattacharjee ADVERTISEMENT Learn more: The End of the Lipstick Index After years of double-digit growth and a perception of being impervious to wider economic downturns, the beauty industry is finding that cash-strapped customers aren't interested in 'little luxuries.'
21-05-2025
