The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
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.
ADVERTISEMENT
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.
Here’s why your new moisturisers look like Sharper Image tools.
A genius marketing campaign from E.l.f. Beauty this week emphasised how diversity, equity and inclusion efforts can be done at the highest levels — and what the barriers are to making substantial progress.
The showcase translated the company’s global insights consumer study into scent profiles, technologies and fragrances.
The Estée Lauder-owned premium fragrance house has signed a two-year deal with the actor in a bet to seize more of the men’s market.