UK's Revolution Beauty falls after FY EBITDA forecast change
19/08/2025 13:28
** Shares of Revolution Beauty REVB.L down 1.5% at 3.8p ** Now expects FY25 adjusted EBITDA to be about 4.7 million pounds ($6.4 million) vs previous forecast of 6.0 million pounds to 6.5 million pounds ** Outlook revision follows REVB's agreement with its auditors over how the company accounts for inventory charges ** The makeup and skin care retailer says sale process and potential equity raise is progressing ** Co in August rejected takeover offer from specialist private equity firm True and in June, billionaire Mike Ashley's Frasers Group FRAS.L pulled out of takeover bid for co ** Including session moves, REVB down 70.6% YTD ($1 = 0.7398 pounds) (Reporting by Subiksha S in Bengaluru) ((Subiksha.S@thomsonreuters.com))