Revolution Beauty defends counter-revolution after Boohoo’s shareholder revolt Revolution Revolution Beauty defended the unusual actions it took at its AGM this week, after it reinstated three members of its executive team who had been voted out by shareholders. The beauty company said its actions had been “firmly validated” by the stock market response, with its shares rising yesterday. Without taking the action it did, [...]
Frasers snaps up stakes in Boohoo and Currys Frasers The company behind Sports Direct has said that it hopes a new stake in Boohoo can lead to collaborations between the fashion brand and Missguided. Frasers Group said that its new holding in its fellow listed company would allow it to find synergies and make its own brands stronger. The business, majority owned by Mike [...]
Mike Ashley’s Frasers Group further ups Boohoo stake Retail Mike Ashley's Frasers Group has furthered strengthened its position as the largest single shareholder in Boohoo.
Boohoo parachutes in ex-Betfair and Zoopla CFO after incumbent quits January 23, 2024 Embattled fashion brand Boohoo has drafted in a new chief financial officer, formerly of Betfair and Boohoo, after the incumbent quit with immediate effect this morning.
Boohoo: ‘Human error’ blamed as clothes wrongly labelled ‘made in UK’ January 11, 2024 Boohoo put ‘Made in the UK’ labels on clothing items that were actually manufactured in South Asia.
Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges
Boohoo could face modern slavery class action, reports say October 26, 2023 Fast fashion giant Boohoo is reportedly facing potential threats of a class action lawsuit from shareholders.
Revolution v Boohoo: A dummy’s guide to the beauty bust-up June 29, 2023 Why is Boohoo causing tears? Boohoo, which holds a 26.6 per cent stake in Revolution, wanted to boot out Revolution’s chief executive Bob Holt, chairman Derek Zissman and chief financial officer Elizabeth Lake. Boohoo wanted to replace them with three new people – New Look executive chairman Alistair McGeorge, Boohoo executive director Neil Catto and [...]
CMA greenwashing probe: Asda, Asos and Boohoo promise clarity on eco-claims March 27, 2024 Top fashion retailers Asos, Boohoo and George at Asda, have signed undertakings to clarify the way they promote and display their environmental credentials, the competition watchdog has said.
Revolution Beauty: All eyes on signs of a rebound after Boohoo spat August 28, 2023 Investors will turn their focus to Revolution Beauty’s upcoming annual results on Thursday to see if the troubled cosmetics line has shown any signs of rebounding following a public spat with its chief stakeholder Boohoo. The cosmetics company has recently just begun trading on the London Stock Exchange again in June after its shares were [...]