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 [...]
Boohoo drafts in former THG chief as it steams ahead with Revolution coup June 22, 2023 Boohoo has drafted in the former head of cosmetics from THG as it doubles down on its attempted boardroom coup at Revolution Beauty. Tensions between the fast fashion giant and troubled makeup brand have been brewing for the past week, after Boohoo, which holds a 26.6 per cent stake in Revolution, said it would vote [...]
Revolution or all-out war? Firm brands ‘hostile’ Boohoo coup ‘self-serving and opportunistic’ June 21, 2023 All eyes turn to the AGM of troubled fashion giant Revolution Beauty as it hit back at “hostile” shareholder Boohoo ,labelling its attempted coup as “opportunistic” and “self-serving”. Boohoo, which holds a 26.6 per cent stake in the Revolution, revealed it would vote against chief executive Bob Holt, chairman Derek Zissman and chief financial officer [...]
Revolution Beauty to ‘potentially’ take legal action against former CEO over delayed audit report June 20, 2023 Revolution Beauty will potentially take legal action against the company’s founder and former chief, Adam Minto, over claims he breached fiduciary and statutory duties while at the helm. In a letter to investors, the makeup brand said it believes Minto’s alleged wrongdoings led to delay in audit of the full year results in 2022 group’s [...]
Revolution Beauty: Beleaguered firm’s delayed results after accounts probe shows dip in digital sales June 2, 2023 Problem-hit Revolution Beauty, whose shares have been suspended since September, said it has seen a drop in digital sales but has been helped by customers returning to normal shops. In a set of heavily delayed interim results, the business said digital wholesale revenue fell 22% in the six months to the end of August 2022, [...]
Revolution Beauty sees losses widen in long-awaited full year results following accounts probe May 26, 2023 Revolution Beauty saw operating losses surge to £38.8m, up nearly £30m in its long-awaited final year results for the year ending February 2022, which had been delayed after auditors raised serious concerns over its accounts. The embattled cosmetics group saw its pre-tax earnings (EBITDA) dip by £14.2m to a loss of £0.8m. Pre-tax losses were [...]
Six Nations: Ireland’s calling, England what ifs and the World Cup March 20, 2023 So there we have it, another Six Nations Championship has concluded and it has, as ever, left us with more questions than answers. Ireland are champions – winning their fourth ever Grand Slam – but the hoodoo of never winning a World Cup quarter-final lingers over the men in green, there was a tale of [...]
In Defence of Capitalism: Why free markets can keep driving billions out of hunger and poverty March 1, 2023 In the first of an eight part series, the historian and sociologist Dr Rainer Zitelmann writes for City A.M. in defence of capitalism, arguing that freer markets are usually the answer to society’s problems, not the cause. Each week he will ‘myth-bust’ the common complaints about capitalism – and this week, it’s that capitalism is [...]
London is going to host the Largest Crypto & Blockchain Conference February 10, 2023 After 4-years of its successful events chain despite the bear market, the Blockchain Economy Summit’s 6th edition is scheduled for February 27-28, to be held in London, UK. This Major crypto event in the UK will host more than 3,000 attendees from 65 countries. As one of the main financial centers of the world, London [...]
Why I think Bitcoin could be a key to saving the environment January 26, 2023 Susie Violet Ward busts some myths on Bitcoin's environmental credentials urging users to understand the technology to understand the value.