Boohoo warns of further sales falls as tough buyer market takes its toll October 3, 2023 Fast fashion giant Boohoo’s said its revenues fell by 17 per cent in the six months to August to £729m, and warned of further sales falls in the year ahead. The online shopping brand, which has been undergoing a turnaround plan, said that in the year ending February revenues could slip by between 12 to [...]
Mike Ashley’s Frasers carves out 9.1 per cent stake in Boohoo as share price rises August 31, 2023 Mike Ashley’s Frasers Group has raised his stake in fast fashion firm Boohoo from 7.9 per cent to 9.1 per cent. The retail powerhouse, which owns Sports Direct and Frasers, had previously carved out a smaller stake in the company earlier this summer. The company previously said the move with Boohoo could lead to collaborations [...]
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 [...]
Revolution Beauty chief exec and chair quit in Boohoo settlement as share price soars July 18, 2023 The row between Revolution Beauty and Boohoo may finally be nearing an end, with a settlement reached including the departure of the former’s chief exec and chair. Revolution’s boss Bob Holt and chair Derek Zissman will leave, but Holt will remain as interim boss until the end of August 2023. Following the news, Revolution Beauty’s [...]
Revolution v Boohoo: Boss could quit to help end the battle of the brands July 11, 2023 It has been reported that the boss of troubled makeup brand Revolution Beauty, Bob Holt, may step down from to help resolve an ongoing row with its leading shareholder Boohoo. Tensions between the companies appeared to cool yesterday after Revolution said it would hold a general meeting on August 8th, which would include a resolution [...]
Revolution Beauty defends counter-revolution after Boohoo’s shareholder revolt June 30, 2023 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, [...]
Boohoo slams Revolution for ‘lack of transparency’ and demands it publishes share options after heated AGM June 29, 2023 Boohoo slammed Revolution Beauty for “a lack of transparency” this morning, while demanding the troubled makeup brand publishes full details of its share options. It claimed Revolution was burying details of its free share awards – a scheme which gives shares to employees of a listed company – as it laid out a set of demands [...]
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 [...]
Revolution share price soars 58 per cent after Boohoo coup takes ugly turn at AGM June 28, 2023 Boohoo blasted the board of Revolution and called for the removal of three senior members after its rocky AGM yesterday saw the trio all ousted – then reinstated. The ugly row between Boohoo, which has a 26.6 per cent stake in the brand, continued late last night, as it led a successful vote to kick [...]
Revolution Beauty looks to soothe jitters amid Boohoo boardroom bust-up June 23, 2023 Revolution Beauty has looked to soothe investor jitters with a trading update today after an attempted boardroom coup from e-commerce Boohoo earlier this week. London-listed beauty group Revolution has been embroiled in a row with Boohoo after a “hostile” attempt from the firm to place its own candidates on its board earlier this week. Revolution [...]