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Boohoo accused of plotting Revolution at beauty group
Daily Express
|June 29, 2023
ONLINE fashion giant Boohoo wants to oust the "self-serving" board of Revolution Beauty, including chief executive Bob Holt, who was only reappointed on Tuesday.
Boohoo, the AIM-listed beauty group's largest shareholder with 26.6 per cent, wants Revolution to call a general meeting for investors to vote on the futures Holt, chief financial officer Elizabeth Lake and chairman Derek Zissman. On Tuesday shareholders voted against the re-election of Holt, Lake and Zissman to the board.
In response, independent director Jeremy Schwartz appointed two new directors, Rachel Maguire and Matthew Eatough who then reappointed the trio.
Revolution says Schwartz's actions were necessary to enable the 10-month suspension of its shares to be lifted.
Esta historia es de la edición June 29, 2023 de Daily Express.
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