Boohoo Group PLC (AIM:BOO) said it made a “strategic investment” in make-up manufacturer Revolution Beauty.
The online fashion retailer now owns a 7.1% stake in the group.
In a statement, boohoo said the move reflects its belief in Revolution Beauty's growth potential and builds upon the existing relationship between the two companies. Revolution Beauty’s products are sold through several of boohoo’s direct-to-consumer brand websites as well as its online digital department store, Debenhams.
Boohoo intends to be a "supportive stakeholder and long-term partner", it added.