Medical aesthetic products. Boohoo more than doubles stake in Revolution Beauty to become largest shareholder amidst accountancy probe

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THE WHAT? Boohoo has more than doubled its stake in Revolution Beauty to become the cosmetic brand’s largest shareholder. 

THE DETAILS The fashion company has increased its investment from 12.8 percent to 26.4 percent.

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Revolution Beauty has currently had its shares suspended due to an accountancy probe, with the company left unable to file financial results. 

Revolution Beauty lenders were said to have hired advisors from Teneo in order to monitor the situation amidst the probe. 

THE WHY? Boohoo stated that the investment reflected its belief in the growth potential of the online cosmetics retailer and that is is aiming to become a “supportive stakeholder and long-term partner.”

Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.

Examples of medical aesthetic products include:

• Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.

• Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.

• Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.

• Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.

• Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.

• Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.

• Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.