Revolution Beauty plans launch in 100s of UK stores amid booming growth : CityAM

Revolution Beauty has introduced plans to develop into over 350 UK Boots stores after gross sales surged in the primary half of the 12 months.

The moral make-up firm has introduced half 12 months revenues of £78m in 2021, up by 35 per cent in comparison with a 12 months prior. Sales had been pushed by the corporate’s growth in the US market, the place gross sales surged by over 90 per cent after the model launched in 1,800 Target stores.

Adam Minto, CEO and Joint Founder of Revolution Beauty Group plc, mentioned: “It’s been simply over two months since welisted Revolution Beauty on the London Stock Exchange and we’re happy to have continued the sturdy momentumthrough the primary half with 35% gross sales growth since final 12 months.

“We have executed towards our digital first technique set out at IPO, including over 200,000 DTC prospects to our platform, whereas greater than doubling worldwide on-line gross sales in the US, Australia and New Zealand,” he added.

In the UK, the Group launched its Revolution PLEX haircare vary on its digital platform throughout H1 and is now stocked in over 250 Boots stores and over 300 Superdrug stores, growth of 203 per cent 12 months on 12 months.

The firm, which boasts a variety of vegan and cruelty free make-up merchandise, plans to launch in a whole bunch of extra Boots stores early subsequent 12 months.

The Group is optimistic about additional gross sales growth in the second half of 2021, with gross sales anticipated to extend as the wonder trade enters its seasonal peak buying and selling interval of September to November.

Further growth of Revolution Beauty’s manufacturers, classes and buying and selling companions is envisaged to drive income in the course of the latter half of H2.

The firm’s share value has at this time jumped 6.57 per cent to face at GBX157.45.

Read extra: Revolution Beauty shares run rouge in London junior market debut

https://www.cityam.com/revolution-beauty-plans-expansion-amid-booming-growth/

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