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flag UK cosmetics brand Revolution Beauty reports a £10.9 million loss, down from a £400,000 profit last year.

flag UK cosmetics brand Revolution Beauty reported a £10.9 million loss for the first half of 2023, a significant drop from a £400,000 profit in the same period last year. flag Sales fell 20% to £72.4 million due to product simplification and increased sale events. flag Despite the downturn, the company expects to return to growth in the fourth quarter and aims for accelerated growth in 2025-26 with a new skincare line and expansion into Walmart stores in the US. flag The company's shares have dropped 54% this year but rose 1.6% on the day of the report.

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