Revolution Beauty Gp - Financial Conduct Authority Update

Revolution Beauty

05/06/2026 07:00

RNS Number : 1064H
  
Revolution Beauty Group PLC
  
05 June 2026
  
 


THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED
 
REVOLUTION BEAUTY GROUP PLC
 
("Revolution Beauty", the "Group" or the "Company")
 
FINANCIAL CONDUCT AUTHORITY UPDATE

INVESTIGATION HAS CEASED AND NO ACTION WILL BE TAKEN AGAINST THE COMPANY OR ITS FOUNDERS
 
 
Revolution Beauty Group plc (AIM: REVB), has been notified by the Financial Conduct Authority ("FCA") that its investigation into the Company has ceased and no further action will be taken against the Company.
 
The Company had previously announced that the FCA had commenced an investigation on 21 July 2023.  The investigation also covered the Company's founders Adam Minto and Tom Allsworth.  In November 2024, both Adam and Tom were informed that the FCA had discontinued its investigation and did not intend to take any action against them.  The FCA has now confirmed that the remaining investigation is closed.
 
Iain McDonald, Chairman said:
 
"We are pleased to report that the FCA has ceased its investigation into Revolution Beauty Group plc and that no action will be taken against the Company or its founders.  The Company has cooperated fully with the FCA for the last three years and has taken on board any comments with a constructive spirit implementing a wider range of governance and best practice.
 
It is fitting to receive this news from the FCA at a time when Tom and Adam are back involved in the business and have reinvigorated it with a clear strategy.  The early signs that this strategy is working are very encouraging, and the future is much brighter for the Revolution brand."
 
For further information please contact
 




Investor relations
 Tom Allsworth, CEO
Neil Catto, CFO
Investor.relations@revolutionbeautyplc.com
 


Strand Hanson Limited (Nominated Adviser)
Christopher Raggett/Carl Holmes/Imogen Ellis
Tel: +44 (0)20 7409 3494




Zeus Capital (Broker)
Dominic King/Jordan Warburton

Tel: +44 (0)161 831 1512
 


Tavistock (media enquiries)
Simon Hudson/Rebecca Hislaire/Saskia Sizen

+44 (0)20 7920 3150
 




 




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