Update on Revolution Beauty

Boohoo

22/08/2025 10:42

RNS Number : 4504W

Boohoo Group Plc

22 August 2025

 

For immediate release                                                                                                                      22 August 2025                                                                                  

 

boohoo group plc

("Debenhams Group", "Debenhams" or the "Company")

 

Update on Revolution Beauty

 

Following the announcement by Revolution Beauty Group plc ("Revolution") regarding its conditional fundraise of approximately £15m (the "Fundraise") Debenhams Group (DEBS.AIM) is pleased to confirm that it has signed an irrevocable undertaking to support Revolution and intends to subscribe for shares in the Fundraise proportionate to its entitlement. 

 

Debenhams is also pleased to confirm that it is in discussions with Revolution around establishing a more formal commercial arrangement pursuant to which Revolution will supply certain Debenhams brands with branded cosmetics under a licence agreement on an exclusive basis, subject to a royalty payment.

 

Debenhams currently owns 86,346,538 Revolution shares, representing approximately 27.03% of Revolution's issued share capital.

 

Dan Finley Chief Executive Officer of Debenhams Group, commented:

 

"We are pleased to support Revolution's fundraising as the new team puts in place its strategic plans, and are excited by the synergies and opportunities that lie ahead. We see significant potential in collaborating more closely with Revolution, including through licensing arrangements that will allow Debenhams' brands to offer exclusive, high-quality cosmetics to our customers."

 

Enquiries
Debenhams Group
Phil Ellis, Chief Financial Officer
Tel: +44 (0)161 233 2050
Zeus Capital - Nominated Advisor and Joint Broker
Nick Cowles / Dan Bate / James Edis
Tel: +44 (0)161 831 1512
Benjamin Robertson
Tel: +44 (0)20 3829 5000
Panmure Liberum - Joint Broker 
 Max Jones / Ailsa MacMaster / Gaya Bhatt
Sodali & Co - Financial PR Adviser

 Tel: +44 (0)20 3100 2000
Ben Foster / Louisa Henry
Tel: +44 (0)20 3984 0114


 

About Debenhams Group

Debenhams Group is an online powerhouse in fashion, home, and beauty, serving millions of customers across five shopping destinations: Debenhams, Karen Millen, boohoo, MAN and PLT. Debenhams Group dates back to 1778 when William Clark, a retail pioneer of the time, opened the UK's first department store. Today, the Group is home to Debenhams-which was relaunched in 2021 as an online department store-and  leading online fashion retailers, including boohoo, PLT, MAN, and Karen Millen.

 

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