Lipstick and mascara boost beauty brands Revolution Beauty and Warpaint London By Daily Mail City & Finance Reporter Updated: 22:00, 26 June 2024 e-mail View comments Two of Britain’s biggest make-up firms are cashing in on a boom in demand. Revolution Beauty said it has returned to profit while Warpaint London enjoyed a bumper first half of the year. Revolution posted profits of £12.
6millio for the 12 months to the end of February, having made a loss of £7.5mililion the previous year. It came after sales climbed 2 per cent to £191million.
Fashion stakes: Revolution Beauty said it has returned to profit while Warpaint London enjoyed a bumper first half of the year The firm was plunged into crisis in 2022 when auditors refused to sign off its accounts, leading to shares being suspended for nine months. Chief executive Lauren Brindley yesterday said there has been ‘great strategic and financial progress following two challenging years’. Shares jumped 11.
1 per cent, or 2.5p, to 25p. Warpaint enjoyed a bumper performance from its new deal with Superdrug.
The group – which owns the W7 and Technic brands– said sales hit £46million in the six months to the end of June, up from £36million during the same period in 2023. Its shares yesterday fell 0.3 per cent, or 2p, to 588p.
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