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Revolution Beauty experienced a 20% sales drop in the first half, but anticipates growth in Q4 under CEO Lauren Brindley's "Reigniting the Revolution" strategy.
Revolution Beauty reported a 20% drop in first-half sales to £72 million, attributed to stock liquidation and a simplified product line.
Despite the decline, core range sales rose 6%, and the company anticipates a return to growth in the fourth quarter under CEO Lauren Brindley’s "Reigniting the Revolution" strategy.
This plan includes cost-cutting measures and new initiatives for a reinvigorated makeup line and skincare range, aiming for profitability in FY24.
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Revolution Beauty experimentó una caída del 20% en las ventas en la primera mitad, pero anticipa el crecimiento en el Q4 bajo la estrategia de Lauren Brindley de "Reigniting the Revolution".