Dan Coatsworth, head of markets at AJ Bell, said: “Boohoo-owner Debenhams, fresh from an encouraging trading update which helped it put a good face on for the market, has announced an exclusive licensing partnership with Revolution Beauty.
“The deal helps to boost the company’s footprint in cosmetics – traditionally an area which is seen as holding up well during periods of economic turmoil.
“Having led the business out of its post-pandemic nadir, CEO Dan Finley is finally allowing shareholders to look forward with some optimism, though there will be remaining trepidation about the difficult consumer backdrop.”
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