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Warpaint loses early skirmishes

Warpaint loses early skirmishes

Sam Bazini and Eoin Macleod, joint chief executives of cosmetics supplier Warpaint (W7L), have been selling beauty products since their teenage years on London’s markets. So they understand how lumpy trading can be in the company’s ‘close out’ division, where Warpaint sells excess cosmetics – say, a batch of 10,000 lipsticks from a major brand – to its high street, wholesale and mass-market clients. Such sales fell from £2.6m in last year’s first half to £2.2m, attributed to scheduling effects. But sales of own-brand W7 cosmetics were ahead across all regions, rescuing the top line.

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