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Two of Britain’s biggest makeup companies are taking advantage of booming demand.
Revolution Beauty said it had returned to profit, while Warpaint London enjoyed a strong first half of the year.
Revolution posted profits of £12.6m for the 12 months to the end of February, after making a loss of £7.5m the previous year. It came after sales rose 2 per cent to £191m.
Fashion stakes: Revolution Beauty said it has returned to profit, while Warpaint London enjoyed a bumper first half of the year.
The company was plunged into crisis in 2022 when auditors refused to approve its accounts, leading to its shares being suspended for nine months.
Chief executive Lauren Brindley said yesterday there had been “great strategic and financial progress after two challenging years”.
Share rose 11.1 per cent, or 2.5p, to 25p.
Warpaint enjoyed strong performance thanks to its new deal with Superdrug.
The group, which owns the W7 and Technic brands, said sales hit £46m in the six months to the end of June, up from £36m over the same period in 2023.
Is Share yesterday it fell 0.3 per cent, or 2p, to 588p.
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