Trading in shares of AIM-listed Revolution Beauty is to be suspended this week


Delayed results have led to a suspension in Revolution Beauty share trading 

The suspension, from September 1, comes as Revolution Beauty said it would not be able to complete an audit and publish results by the end of August in line with AIM rules.

Revolution Beauty only floated just over a year ago, when it was valued at almost £500m.

Its shares have since tumbled. The retailer warned earlier this month of the likelihood that it would not be able to publish its results on time. That came just a few days after online fashion powerhouse Boohoo more than doubled its stake in Revolution Beauty which, the business said “reflects Boohoo’s belief in the growth potential of Revolution Beauty”.

Revolution Beauty said today: “The company aims to complete its audit and publish its annual report within a matter of weeks of this announcement, post which trading in the company’s ordinary shares is expected to recommence.”

It said it would “provide further updates as appropriate”.