Betaville

Boohoo snaps up 7.1pc stake in Revolution Beauty - Part 2

Suddenly Boohoo's purchase of a 7.1pc stake in Revolution Beauty doesn't look so smart.

The online beauty retailer's shares have just collapsed almost 40pc after the company said: " it does not expect to be able to release audited results for FY22 by 31 August 2022."

And that: "In the event that the Group's audited FY22 results are not published by 31 August 2022, trading in the company's shares will be suspended with effect from 1 September 2022 until such time as the audited results are released."..