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Birmingham Post
Birmingham Post
Business
Jon Robinson

Boohoo more than doubles stake in troubled Revolution Beauty to become largest shareholder

Revolution Beauty Boohoo Bob Holt Adam Minto Tom Allsworth London Stock Exchange

Boohoo has more than doubled its stake in troubled cosmetics group Revolution Beauty.

The Manchester-headquartered fashion giant has increased its investment from 12.8% to 26.4%, according to documents filed with the London Stock Exchange.

Boohoo first invested in the Kent-based company in August when it snapped up 7.1% of its shares.

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