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Online fashion retailer Boohoo acquires 7.1% of Revolution Beauty

Aug 17 (Reuters) - British online fashion retailer Boohoo BOOH.L said on Wednesday it had acquired a 7.1% stake in Revolution Beauty Group REVB.L, 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 Aug. 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%. (Reporting by Amna Karimi in Bengaluru; Editing by Neha Arora and Vinay Dwivedi) ((Amna.Karimi@thomsonreuters.com; +91 8083261226;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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