default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Report: Revolution Beauty CEO Holt Would Quit as Part of Boohoo Peace Deal

CEO Bob Holt would quit the beauty products retailer if there is a settlement with top shareholder Boohoo over board changes.
Revolution Beauty.
Revolution Beauty. (Shutterstock)

UK-based Revolution Beauty’s Chief Executive Officer Bob Holt would quit the beauty products retailer if there is a settlement with top shareholder Boohoo over board changes, Sky News reported on Tuesday.

Boohoo had in late June urged the company to call for a general meeting to remove executives including Holt, CFO Elizabeth Lake and Chairman Derek Zissman from the board, a day after they were all re-appointed.

It was unclear whether Holt would resign immediately or step down when a successor was appointed, the Sky News report said.

Both the companies declined to comment. Holt did not immediately respond to a request for comment.

The move comes a day after Revolution Beauty said it could reach a settlement with online retailer Boohoo “in the coming days,” ahead of a general meeting on August 7.

Reporting by Eva Mathews; Editing by Nivedita Bhattacharjee

Learn more:

Revolution Beauty Says It Could Settle With Shareholder Boohoo in Coming Days

UK-based Revolution Beauty said on Monday it could reach a settlement with top shareholder Boohoo over board changes in the coming days, after the beauty products retailer said it will hold a general meeting on Aug. 7.


In This Article
Topics

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Beauty
Analysis and advice on the fast-evolving beauty business.


A new crop of local perfume brands are reclaiming indigenous ingredients and reviving ancient fragrance-making techniques. But will that be enough to entice Indian consumers to swap international luxury perfumes for perfumes made at home?


Remedy Place, a luxury social wellness club, has completely rebranded the spa experience with an eye on the male demographic. This year, the company has an ambitious plan to expand starting with its third and largest 7,400-square-foot club in New York’s SoHo neighbourhood this spring and an upcoming product line that brings self-care into the home.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024