Revolution Beauty Group plc
REVB:LN
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Overview
Company Profile
Revolution Beauty is a multi-brand, multi-category, multi-channel, mass beauty innovator with proven global scale. Since its foundation by Adam Minto and Tom Allsworth in 2014, the Group has grown rapidly by establishing a retail footprint of c. 11,000 doors across leading retail chains in the UK, USA and internationally. This is complemented by a fast-growing digital business including its direct to consumer website and an increasing number of global digital partners.
The Group is recognised as one of the fastest product innovators in the accessible beauty market, and is challenging the established order by rapidly developing and launching new products to take advantage of new market trends, promoting brand awareness via social influencer marketing, its own social media following of 6.3 million, and by providing high quality products at prices substantially lower than beauty prestige competitors.
At its core, the Group is committed to inclusivity and diversity and offers cosmetics shades for every skin colour and across every price point. Its product ranges are 100% cruelty free and mostly vegan, while sustainable and recyclable packaging is used wherever possible.
The Group currently employs 220 people, as at May 2021, and operates from offices in the UK, USA, Poland, Germany and New Zealand. It also has warehouse facilities in the UK, USA and Australia.
Classification
Sector Consumer Staples
Industry Consumer Products - Household & Personal
Subindustry Household & Personal Products
Financials
News & Media
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Corporate
Board of Directors
Tom Allsworth
Joint Founder and Executive Chairman
Tom is the Executive Chairman and co-founder of Revolution Beauty. He has over 28 years’ experience in skincare, haircare, and cosmetics manufacturing. Tom has established a number of businesses, including Walbrook Investments, a property development company and MediChem, a company that specialises in the manufacture of hair and skincare products. Tom is passionate about creating products that add value to a customer’s life, which is reflected in Revolution Beauty’s commitment to create innovative, on-trend products.
Adam Minto
Joint Founder and CEO
Adam is the Chief Executive Officer and co-founder of global beauty and personal care brand Revolution Beauty. He co-founded the business in 2014, with a focus on making high-quality, innovative and cruelty free cosmetics and skincare affordable for all. Prior to Revolution, Adam spent over 32 years creating and supplying products for the beauty industry, including vast experience in the makeup and fragrance global market. Throughout his career, Adam has worked for some of the world’s biggest beauty brands including Revlon, Rimmel, Max Factor, MAC and Urban Decay. Adam is driven by a passion to make the beauty industry more accessible and inclusive, responding to changing consumer needs and creating products collaboratively with the people who use them.
Elizabeth Lake
CFO
Elizabeth joined Revolution Beauty in May 2022 as Chief Financial Officer. Elizabeth is an accomplished executive with more than 25 years’ of financial and commercial experience. Prior to this, Elizabeth was CFO at AIM listed Everyman Media Group, where she had been CFO since 2019. During her time at Everyman, Elizabeth successfully led the company through the challenges presented by the Covid 19 pandemic, demonstrating her ability to navigate uncertainty with strong financial and operational acumen. Prior to Everyman, Elizabeth was Chief Financial Officer at AIM listed, Science in Sport, and before that finance director at Hugo Boss UK and Ireland. She brings to Revolution Beauty extensive UK plc experience having also worked in finance roles at Marks and Spencer, Pearson and Thomson Reuters. Elizabeth is ACA qualified having trained at Coopers and Lybrand (now known as PWC).
Derek Zissman
Deputy Chairman and Senior Independent Non-Executive Director
Derek currently sits on the board of 3 AIM and publicly listed companies, in each case as a Non-Executive Director, including HelloFresh SE, 600 Group plc and Sureserve Group plc. Derek spent 37 years of his career with KPMG, where he was appointed Vice Chairman of KPMG UK, having co-founded the firm’s Corporate Finance group in the UK and Private Equity groups in the UK and US. Derek is a fellow of the Institute of Chartered Accountants in England and Wales.
Jeremy Schwartz
Independent Non-Executive Director
Jeremy is Chairman of Kantar Sustainability and Inclusion practice, Non-Executive Director of Braham & Murray Good Hemp and senior advisory to McKinsey & Company. Jeremy’s previous roles include Chief Executive Officer of Pandora plc (2018-2019) and Chairman and Chief Executive Officer of L’Oreal The Body Shop (2013-2018). Jeremy has held key roles at other large multinationals including News International plc, Conival plc, J Sainsbury’s plc and The Coca-Cola Company.
Edward Rumsey
Independent Non-Executive Director
Edward is currently Managing Partner of Permian Global, a business that is working for the protection and recovery of tropical forest by developing large-scale tropical forest protection and restoration projects that are funded through the generation and sale of verified emission reductions (VERs). Prior to Permian Global, Edward had a career in finance at ABN Amro and European Credit Management (ECM). Edward is also a special adviser to the World Bank Group.
Gita Samani
Independent Non-Executive Director
Gita has over 20 years of retail experience and the last 15 years focused on digital and e-commerce. She is currently EVP Growth Strategy at Astound Commerce, a global digital agency. She has worked in various roles with some of the UK’s well known retailers including House of Fraser, Debenhams and Selfridges as well as global brands such as Michael Kors. She has experience from start-ups to seasoned retailers, across various verticals, in-house and as part of working within a consultancy.