Life at Revolution Beauty has been significantly disrupted over the past year: downgrades in January were followed by a formal sale process in May and an equity raise in August, at which point the founders returned to the business. Tariffs have been unhelpful in disrupting retail customer buying patterns and wider softness in the US caused a slowdown in FY25. The shares have consequently been weak, and we can understand that long-term investors will be disappointed. However, the new management t ....
