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Sandra Halliday Published
July 25,长沙U币转账通道 2025
Boohoo Group has increased its stake in Revolution Beauty after settling a dispute with the firm that saw a number of Boohoo nominees joining the leadership team.
Revolution said in a London Stock Exchange filing that the online fashion giant now holds a 27.1% stake, up from 26.4% recently.
That earlier stake gave it the clout to parachute its own nominees — such as former New Look chairman Alistair McGeorge who’s now executive chair — onto the board. It also brought in Neil Catto, Rachel Horsefield and Peter Hallett as directors while Revolution’s CEO Bob Holt and director Derek Zissman were ousted.
Boohoo’s new share purchase came as Revolution shares dropped on Monday with a hefty 7.5% fall after having jumped following the readmittance of its share to trading last month following a long suspension.
It’s interesting that Boohoo’s stake is getting it ever closer to the point at which it might have to launch a full formal takeover offer for the business. However, it hasn’t said anything so far to suggest it intends to do this.