Adore Beauty Group Ltd. (AU:ABY) has released an update.
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Adore Beauty Group Ltd. has announced that CEO Tamalin Morton will step down in September 2024 due to personal reasons, yet she will continue to provide strategic advice as a consultant. The company has shown strong Q3 FY24 performance, with an 8.9% revenue increase to $45 million and a significant growth in returning and active customers. Despite these positive results, Adore Beauty anticipates a challenging retail environment for the rest of the fiscal year due to economic pressures.
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