Financial Conduct Authority Update
FCA investigation into Revolution Beauty and its founders has ceased with no action to be taken.
Select text to share a quote on X · sign in to keep highlights & notes in your REVB notes
Revolution Beauty Group plc (AIM: REVB), has been notified by the Financial Conduct Authority ("FCA") that its investigation into the Company has ceased and no further action will be taken against the Company.
The Company had previously announced that the FCA had commenced an investigation on 21 July 2023. The investigation also covered the Company's founders Adam Minto and Tom Allsworth. In November 2024, both Adam and Tom were informed that the FCA had discontinued its investigation and did not intend to take any action against them. The FCA has now confirmed that the remaining investigation is closed.
Iain McDonald, Chairman said:
"We are pleased to report that the FCA has ceased its investigation into Revolution Beauty Group plc and that no action will be taken against the Company or its founders. The Company has cooperated fully with the FCA for the last three years and has taken on board any comments with a constructive spirit implementing a wider range of governance and best practice.
It is fitting to receive this news from the FCA at a time when Tom and Adam are back involved in the business and have reinvigorated it with a clear strategy. The early signs that this strategy is working are very encouraging, and the future is much brighter for the Revolution brand."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.