Product sales expansion looks rather for freshly-outlined Revolution Splendor

Sales growth looks pretty for newly-listed Revolution Beauty

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ewly-floated Revolution Splendor notched up product sales advancement of 35% in the 1st 50 percent, forward of the peak trading season that has now started off.

The Purpose-listed make-up model, which floated at 160p per share in July, said income arrived at £78 million in the 6 months to August 31.

The business is recognized for its products remaining marketed on social media by splendor influencers, and it has about 3.2 million followers on Instagram.

Revolution Attractiveness is offered on line as effectively as about 14,000 retailers, this kind of as Superdrug and Boots branches, in 45 international locations.

Chief executive Adam Minto mentioned it has seen product sales increase not long ago as the sector enters its seasonal peak trading time period as wholesalers put together for Christmas.

The business stated: “Further growth of Revolution Beauty’s models, categories and investing companions is envisaged to travel advancement during the latter element of H2.”

The manager extra that the firm has received deliveries of items in earlier than ordinary amid lengthier delivery situations it observed earlier in the calendar year.

Minto advised the Night Common: “To date there has been no impression on provide to Uk wholesale associates, and we are not expecting any.”

Shares in the corporation received 12.25p, or additional than 8%, to 160p.

Minto said: “The extensive-expression advancement opportunity in mass natural beauty remains broad with far more consumers switching to on the internet, whilst the industry as a full carries on to grow swiftly globally.”

A latest launch was a ‘Corpse bride’ Halloween make-up collection that Minto reported notched up product sales of £300,000 in just two days.