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British cosmetics maker Revolution Beauty reported a 20 percent decline in revenue to £72.4 million ($91.6 million) and a 48 percent decline in profit in its first-half earnings on Tuesday.
The company, which is known for its affordable skin and makeup “dupes” of premium items, embarked on a turnaround plan earlier this year that has seen it reduce its overall product count to focus on top performing lines and sell through slow-moving stock at discounted rates. It said it expects a…
