Revolution Beauty Group plc (GB:REVB) has released an update.
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Revolution Beauty Group plc has announced its subsidiary, Revolution Labs, will manufacture and supply products for Carbon Theory Limited and Delhicious Ltd, with expected revenues of £530,000 and profits before tax of £50,000 for the current financial year. These entities are partially owned by significant shareholder Adam Minto, and the transactions are deemed fair by the company’s directors. All financial dealings with these associated companies will be transparently disclosed in the upcoming financial statements.
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