Revolution Beauty's Founders Return as Sale Falls Through
Co-founders return to implement a strategic overhaul including job cuts to save £7.5 million annually and aim to restore growth after sales fell 25.5% to £142.6 million.
8 Articles
8 Articles
Revolution Beauty co-founders return as company records loss - Retail Gazette
The Revolution Beauty co-founders are returning to “reset” the company, after it failed to find a suitable buyer. Co-founders Tom Allsworth and Adam Minto are set to return to the retailer, after stepping down following a host of accounting problems. It comes after Revolution Beauty launched a formal sale process earlier this year, following a takeover approach. However, the beauty brand said it had not had any suitable offers and that it was n…
Things turn full circle at Revolution Beauty as founders return but job cuts loom - InternetRetailing
Revolution founders Tom Allsworth and Adam Minto are returning to the business and setting out a “clear path back to growth” after the company today announced its results for the year ended 28 February 2025. The company has also announced that its banking facilities have been conditionally extended to 31 July 2028 and today revealed a proposed equity fundraise to raise gross proceeds of around £15 million. Allsworth will take on the role of CEO …
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