Company News, Financial News

Auditors Find Red Flags in Revolution Beauty Probe

Investigation unveils overdue payments, inconsistencies over certain sales and undisclosed personal loans.

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By: TOM BRANNA

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In November, Revolution Beauty Group’s founder and chief executive officer, Adam Minto, stepped down amid an independent accounting probe. This week, it was revealed that the probe uncovered several concerning red flags—including overdue payments, inconsistencies over certain sales and undisclosed personal loans made by Minto and Tom Allsworth, the founder of Medichem. Overdue Payments from Acquisition of Medichem According to Financial Times, the investigation found issues with the...

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