黑帽SEO快排关系|【唯一TG:@heimifeng8】|TG盗U机器人源码安装✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Revolution Beauty confirms spat settlement, Boohoo scores big board changes
Sandra Halliday Published
July 18, 2025
Revolution Beauty announced a settlement with major shareholder Boohoo Group on Tuesday and it looks like the latter has achieved many of its aims, but not all of them.
It comes after a bruising period for Revolution (analysed here) in which it failed to file its accounts and claimed unacceptable practices by its founding management. That led to a suspension of its shares from trading, legal action, and Boohoo — which owns more than a quarter of the firm — attempting to stage what amounted to a boardroom coup.
Boohoo has now agreed to withdraw its requisition of a general meeting and in return it gets Bob Holt and Derek Zissman agreeing to quit the board, although Holt remains interim CEO until the end of next month. A CEO search is being launched.
Meanwhile Boohoo nominees Alistair McGeorge, Neil Catto, Rachel Horsefield and Peter Hallett will join the board, with McGeorge — the former New Look chairman — becoming executive chairman of the company. Catto becomes a non-independent non-exec director, and the other two will be independent non-exec directors.
However, Elizabeth Lake, who Boohoo had originally wanted to oust, will remain as CFO and some non-execs whose appointments Boohoo had opposed are also staying.
Revolution said: “The new directors appointed at Boohoo's request are looking forward to supporting Elizabeth with her ongoing hard work on restoring the company to sound financial health, including with respect to ensuring the timely publication of the company's accounts for the financial year ended 28 February 2025.”
Other than Holt's and Zissman's proposed resignations, all of the current directors will remain in post. So once all the plans go through, the board will comprise McGeorge, Lake, Catto, Horsefield and Hallett, plus independent non-exec directors Jeremy Schwartz, Matthew Eatough, and Rachel Maguire.
The terms of the settlement agreement are conditional on, among other things, a settlement agreement entered into between Holt and the company coming into effect in the coming days.
Revolution added that the deal “brings to an end the recent uncertainty regarding the company, avoids the ongoing costs and disruption that would be associated with any alternative courses of action, and allows the company to get back to focusing on its core business objectives. This is particularly important for Revolution Beauty in light of the significant disruption that the group has faced in the past year, including the suspension from trading of the company's shares and an independent investigation”.