Revolution Beauty: Shake-up of top team gives stability with revenue up 20 per cent November 14, 2023 Troubled make-up brand Revolution Beauty has posted a 20 per cent rise in revenue, as a shake-up of its top team appears to have provided some stability for the brand after a volatile few months. In the six months to August, the cosmetics maker said that adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) [...]
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
Mike Ashley’s Frasers raises Boohoo stake to 16.5 per cent October 25, 2023 Frasers, the British sportswear group controlled by Mike Ashley, has raised its stake in online fashion retailer Boohoo to 16.5 per cent, according to a regulatory filing published on Wednesday. The group previously held 15.12 per cent. Frasers, formerly called Sports Direct, said in June its purchase of Boohoo shares was consistent with its strategy [...]
Mike Ashley’s Frasers Group raises Boohoo stake to 15 per cent October 16, 2023 Mike Ashley backed Frasers Group has once again raised its stake in online fashion brand Boohoo. The Sports Direct owner upped its share in the group from 13.4 per cent to 15.1 per cent. The fashion powerhouse, which also owns Jack Wills, has been rapidly increasing its stake in the popular clothing site. At the [...]
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, [...]