LONDON, Nov 20 (Reuters) - Short-selling hedge fund Muddy Waters has taken a short position in cosmetics company
Elf Beauty (ELF.N), its chief executive officer Carson Block said on Wednesday,
Block, speaking at the Sohn conference in London, said Elf had overstated its revenue over the past three years by possibly as much as $190 million.
He added that Muddy Waters is currently short the California based cosmetics company but will sell down its position upon publishing the report for risk management purposes.
Elf did not immediately respond to a request for comment.
(Reporting by Nell Mackenzie)
((Nell.Mackenzie@thomsonreuters.com; ))
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