boohoo group plc acquired a 13.62% stake in Revolution Beauty Group plc on November 28, 2022.
boohoo group plc completed the acquisition of a 13.62% stake in Revolution Beauty Group plc on November 28, 2022. As of July 18, 2023, Evolution Beauty Group and Boohoo Group have reached a settlement agreement. As part of the agreement, boohoo will withdraw its requisition for a general meeting, and two directors, Bob Holt and Derek Zissman, will resign from Revolution Beauty's board. Bob Holt will continue as interim CEO until August 31, 2023. The board will undergo changes, with Alistair McGeorge becoming the executive chairman, and new directors will be appointed. Elizabeth Lake will remain as CFO. The settlement agreement is contingent on the BH Agreement with Bob Holt coming into effect.