Revolution Beauty CEO Lauren Brindley Departs for Ulta Beauty
Company - People | Apr 17, 2025 | Business Cloud
Revolution Beauty Group plc's current CEO, Lauren Brindley, has announced her departure from the company. She will step down on May 31, 2025, to assume the role of chief merchandising and digital officer at Ulta Beauty, Inc., the largest beauty retailer in the United States. Brindley joined Revolution Beauty in September 2023, during a tumultuous period marked by the exit of former CEO Bob Holt OBE and legal disputes involving former CEO Adam Minto and Chrysalis Investments. The company, which floated in 2021 with a valuation of almost £500 million, has seen its value decline to approximately £32 million. Colin Henry, a non-executive director with extensive experience in consumer goods and retail, will serve as interim CEO while a search for a permanent replacement is underway. This leadership change is part of Revolution Beauty's broader transformation efforts, which include refining its master brand focus and core product portfolio.
Sectors
- Cosmetics and Personal Care
- Retail
Geography
- United Kingdom – Revolution Beauty Group plc is based in the UK, where it was publicly floated and continues to operate.
- United States – Lauren Brindley's new role is with Ulta Beauty, which is headquartered in the US, indicating cross-border CEO movement.
Industry
- Cosmetics and Personal Care – Revolution Beauty operates within the cosmetics industry, which involves the production, marketing, and retailing of beauty and personal care products.
- Retail – As Revolution Beauty and Ulta Beauty operate as retailers in the beauty sector, this industry classification highlights their roles in distributing beauty products to consumers.
Financials
- £500 million – Initial valuation of Revolution Beauty when it floated on the stock market in 2021.
- £32 million – Current market valuation of Revolution Beauty as mentioned in the article.
- £2.9 million – Settlement amount paid by former CEO Adam Minto to Revolution Beauty.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lauren Brindley | Departing CEO | People | Brindley is leaving her role as CEO of Revolution Beauty to join Ulta Beauty. |
| Revolution Beauty Group plc | Target Company | Company | A UK-based cosmetics and personal care company undergoing significant strategic changes. |
| Ulta Beauty, Inc. | Bidding Company/Buyer | Company | The largest beauty retailer in the US, hiring Lauren Brindley as chief merchandising and digital officer. |
| Colin Henry | Interim CEO | People | Appointed as interim CEO of Revolution Beauty with significant retail leadership experience. |
| Adam Minto | Former CEO and Co-founder | People | Accused of breaching fiduciary duties and settled with Revolution Beauty for £2.9 million. |
| Boohoo Group plc | Shareholder | Company | Influential shareholder that pushed for previous CEO Bob Holt OBE’s exit. |
| Chrysalis Investments | Legal Adversary | Company | A former legal adversary that entered a confidential settlement with Revolution Beauty. |