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    REVB   GB00BP7L1T61

REVOLUTION BEAUTY GROUP PLC

(REVB)
Delayed London Stock Exchange  -  02:30:00 2022-09-01 am EDT
19.00 GBX   -.--%
01/13Revolution Beauty probe uncovers issue with sales booked last year
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Britain's Revolution Beauty names insider Bob Holt CEO

11/28/2022 | 02:39am EST
FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration

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Interim chief operating officer Bob Holt named CEO

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Accounting enquiry continues

Nov 28 (Reuters) - British makeup group Revolution Beauty named insider Bob Holt as its chief executive on Monday, less than three weeks after former CEO Adam Minto stepped down following an independent accounting enquiry.

Trading in Revolution Beauty's shares was suspended on Sept. 1 after the company missed releasing final results for the year ended Feb. 28 due to accounting issues that prompted the group's auditor to order a probe in August.

Holt, 68, who has been the company's interim chief operating officer since Oct. 14, previously held top positions in housing energy services group SureServe Group and housing and social care provider Mears Group.

Former chief Minto, who left the company on Nov.9, initially stepped away from the day-to-day management of the company along with executive chairman Tom Allsworth in October as the company further delayed filing final results for year ended Feb.28.

Minto at the time said his temporary absence was to help the accounting enquiry.

Revolution Beauty, in which online fashion retailer Boohoo holds a near 13% stake, said the investigation continued and no conclusion had been drawn.

Last week, asset manager Jupiter Fund Management, which held 8.43% in the company, disposed of its stake in the group, a regulatory filing showed. (Reporting by Sinchita Mitra in Bengaluru; Editing by Saumyadeb Chakrabarty and Barbara Lewis)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BOOHOO GROUP PLC 10.33% 50.386 Delayed Quote.29.35%
JUPITER FUND MANAGEMENT PLC 3.51% 141.6 Delayed Quote.3.01%
MEARS GROUP PLC 0.79% 205.603 Delayed Quote.-1.92%
REVOLUTION BEAUTY GROUP PLC 0.00% 19 Delayed Quote.-84.49%
SURESERVE GROUP PLC -0.80% 89.78 Delayed Quote.2.29%
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More news
Financials
Sales 2021 135 M - -
Net income 2021 -15,9 M - -
Net Debt 2021 68,0 M - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 58,9 M 72,4 M -
EV / Sales 2020
EV / Sales 2021 -
Nbr of Employees 411
Free-Float 38,8%
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Income Statement Evolution
Managers and Directors
Robert Holt Chief Executive & Operating Officer
Elizabeth Janet Lake Chief Financial Officer
Jeremy Schwartz Independent Non-Executive Director
Derek Zissman Deputy Chairman
Thomas Donald Allsworth Director
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