British online fashion retailer Boohoo has said it has acquired a 7.1% stake in Revolution Beauty Group, making it the fourth-largest shareholder of the beauty products maker.
Boohoo already sells Revolution Beauty products through several of the group's direct-to-consumer brand websites and its online digital department store, Debenhams.
UK-based Revolution Beauty on August 11 had flagged certain accounting issues raised by their auditors which could potentially result in a material impact on the firm's 2022 results, sending its shares down 55%.
