Shares of Revolution Beauty Group will face a suspension in trading starting September 1. This is due to the company’s delay in releasing its audited final results and annual report for FY22. On August 19, Revolution Beauty announced that it would not be able to meet the deadline for completing the audit and publishing the necessary information by August 31. As a result, the potential suspension of share trading became a reality when Revolution Beauty confirmed on Tuesday that it would not be able to publish the report on time.

Despite these setbacks, Revolution Beauty continues to demonstrate positive momentum. In fact, just this month, the company made headlines with the news that fashion e-tail giant Boohoo had acquired a 7.1% stake in the group. Revolution Beauty’s products are already sold through various brand websites and the online department store of Boohoo’s digital platform, Debenhams. Boohoo has expressed its belief in the growth potential of Revolution Beauty and its commitment to being a supportive stakeholder and long-term partner to the company.

Revolution Beauty has announced its intention to complete the audit and publish its annual report within a few weeks of this announcement. Once this is accomplished, trading in the company’s ordinary shares is expected to resume. Despite the delay, Revolution Beauty remains optimistic about its future prospects and is grateful for the support it has received from Boohoo.

Relevant links:
Revolution Beauty Group Official Website
Boohoo Official Website