founder to return as CEO

Revolution Beauty

22/08/2025 07:16

Aug 22 (Reuters) - Revolution Beauty < REVB.L> has terminated its formal sale process and named co-founder Tom Allsworth as its CEO, the cosmetics group said on Friday.

The London-listed makeup and haircare company said it also plans to raise about 15 million pounds ($20.09 million) in fresh equity through an accelerated bookbuild.

($1 = 0.7467 pounds)

 (Reporting by Raechel Thankam Job in Bengaluru; Editing by Rashmi Aich)

 ((RaechelThankam.Job@thomsonreuters.com;))