Revolution Beauty has seen a notable shift in its shareholder base, with UBS Group AG acquiring a 6.47% stake in the beauty brand.
The announcement comes amid broader strategic changes at the company, including the upcoming departure of CEO Lauren Brindley.
The Swiss investment bank’s acquisition, which was formally disclosed to the UK’s Financial Conduct Authority on 5 May, brings UBS’s total voting rights in Revolution Beauty to just over 20.6m shares.
The stake, representing 6.468756% of the company’s voting rights, was acquired on 1 May 2025 and does not include any financial instruments, according to regulatory filings.
UBS AG, the London-based subsidiary of the Zurich-headquartered UBS Group AG, is the listed shareholder.
The acquisition is seen as a potential vote of confidence in the company’s turnaround strategy, which has been taking shape over the past year.
This development coincides with a leadership change at Revolution Beauty.
CEO Brindley is set to step down on 31 May after nearly 18 months in the role.
She is moving to US beauty giant Ulta Beauty, where she will serve as Chief Merchandising and Digital Officer.
During her tenure, Brindley led the company through a significant recovery following a turbulent period marked by financial difficulties, governance challenges and a public dispute with major shareholder Boohoo.
Under her leadership, the company implemented its ‘Reigniting the Revolution’ strategy, which helped return the business to profitability.
In its latest full-year results, Revolution Beauty reported a profit before tax of £11.4m, reversing a £33.9m loss the previous year.
Colin Henry, Non-Executive Director and a key figure in the company’s strategic overhaul, will take on the role of interim CEO.
The search for a permanent successor is underway.
The new shareholder development and leadership transition marks a pivotal moment for the company as it seeks to build on its recent financial recovery and solidify its market position.
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