23 Jan 2023 --- Revolution Beauty has released the results of an independent investigation conducted by law firm Macfarlanes and forensic accountant Forensic Risk Alliance (FRA), which divulged “a number of issues” regarding historical sales, inventory provisioning and personal loans involving former CEO and co-founder Adam Minto, who stepped down in November amid the accounting probe. Trading in Revolution Beauty shares was suspended in September after the company’s auditor BDO identified “a number of serious concerns” that arose during its FY22 audit.
