Revolution Beauty Share Discussion Threads

[millennialinvestor] 22/6/2023 09:05

oo getting very tasty here, boo boo want's revvyb and boo boo will get revvyb. OUST THE MANAGEMENT MASTER KAMANI. BOO DAYS!

[factsandfigures] 21/6/2023 21:01

REVOLUTION BEAUTY LAMBASTS BOOHOO'S CALL FOR NEW MANAGEMENT
============================================================

Crisis-hit Revolution Beauty has attacked Boohoo’s efforts to oust its management, saying Boohoo's move was “value-destructive, opportunistic and self-serving”.

The response comes just days after Boohoo, (which owns a 26.6% stake in the cosmetics company), demanded a leadership shake-up following the accounting probe at the embattled retailer.

Revolution Beauty said it rejected Boohoo's attempts to overthrow Chief Executive, Bob Holt, as well as Chairman, Derek Zissman, and Chief Financial Officer, Elizabeth Lake.

A recent investigation into the delayed accounts uncovered a series of issues, including overstating sales by £9 Million. It also emerged that co-founders Adam Minto and Tom Allsworth made personal loans or other investments of approximately £1 Million without the Board’s knowledge or approval.

Boohoo stated it will vote against the reappointment of Revolution Beauty's most senior executives at the forthcoming A.G.M Boohoo wants to install its own candidates to run the business.

Revolution Beauty called these actions by Boohoo as “a cynical attempt to seize control of the company” without having to buy it outright.

[factsandfigures] 21/6/2023 20:57

REVOLUTION BEAUTY LAMBASTS BOOHOO'S CALL FOR NEW MANAGEMENT
============================================================

Crisis-hit Revolution Beauty has attacked Boohoo’s efforts to oust its management, saying Boohoo's move was “value-destructive, opportunistic and self-serving”.

The response comes just days after Boohoo, (which owns a 26.6% stake in the cosmetics company), demanded a leadership shake-up following the accounting probe at the embattled retailer.

Revolution Beauty said it rejected Boohoo's attempts to overthrow Chief Executive, Bob Holt, as well as Chairman, Derek Zissman, and Chief Financial Officer, Elizabeth Lake.

A recent investigation into the delayed accounts uncovered a series of issues, including overstating sales by £9 Million. It also emerged that co-founders Adam Minto and Tom Allsworth made personal loans or other investments of approximately £1 Million without the Board’s knowledge or approval.

Boohoo stated it will vote against the reappointment of Revolution Beauty's most senior executives at the forthcoming A.G.M Boohoo wants to install its own candidates to run the business.

Revolution Beauty called these actions by Boohoo as “a cynical attempt to seize control of the company” without having to buy it outright.

[ukneonboy] 21/6/2023 14:15

It's hardly doom and gloom MILLSTONE, it's 100% factually accurate information !!

[millennialinvestor] 21/6/2023 08:46

Wow rentboy please read the below.

Spamming the revvy b boards with lies and doom and gloom with no financial interest. Wow you just exposed yourself as a certified whacko and sad boiler room bunny.

[millennialinvestor] 21/6/2023 08:45

Spamming the revvy b boards with lies and doom and gloom with no financial interest. Wow you just exposed yourself as a certified whacko and sad boiler room bunny.

[voicingdissent] 20/6/2023 14:50

Looks like Millstone Investor is still desperate for any sort of attention on ADVFN.

[voicingdissent] 20/6/2023 14:49

Millstone Investor took that news well, then

[millennialinvestor] 20/6/2023 13:52

Then why are you spamming the revvy b boards with lies and doom and gloom with no financial interest. Wow you just exposed yourself as a certified whacko and sad boiler room bunny.

[millennialinvestor] 20/6/2023 11:07

Flashing warning gifs arent going to work here f&f tesco boy.

[ukneonboy] 20/6/2023 11:07

This is obviously going to come as a terrible disappointment, but we have no "short positions" in REVB

[millennialinvestor] 20/6/2023 11:04

boohoo plc making very shrewd moves and moving revvy b to max growth and we wait for 100p open for major profits and shorts like F&F tesco boy get burnt and stinky.

[zchaka5] 20/6/2023 07:54

Yawn... FactAndFigures is back posting his little non-news snippets and silly GIFs... no deramping opportunities here so move on chap.

[pngasef] 20/6/2023 07:10

Wonderful. Hope that he has his day in court along with others for what they've done here.

[hamhamham1] 20/6/2023 07:06

REVOLUTION BEAUTY GROUP PLC

("Revolution Beauty", the "Group" or the "Company")



Potential legal proceedings against the Company's founder and former CEO



20 June 2023

The Company announces the following information regarding prospective legal proceedings against the Company's founder and former CEO, Mr Adam Minto, in order to provide our shareholders with relevant information in advance of the Company's upcoming annual general meeting ("AGM").

On 19 May 2023, the Company sent a letter of claim to Mr Minto. The claim alleges that Mr Minto breached his fiduciary, statutory, contractual and/or tortious duties to the Company. Certain of the matters alleged contributed to the delay in the audit of the Group's FY22 results, and to the suspension of the Company's shares from trading on AIM. The Company is looking to recover material sums relating to the exceptional costs the Company incurred as a result of the matters alleged.

As at the date of this announcement, no substantive response had been received from Mr Minto or his representatives. The Company has set Mr Minto a deadline of 7 July 2023 to respond to the letter of claim.

The Company takes these matters extremely seriously. It is important for shareholders to note that there can be no certainty on the outcome of these legal proceedings, and the Company will make further updates to shareholders as appropriate in due course.

The Company also expects to publish a further announcement in the coming days in light of the announcement made by boohoo Group plc on 19 June 2023, including regarding the Company's upcoming AGM (which is currently scheduled for 27 June 2023) and the requisition of a general meeting of the Company under section 303 of the Companies Act 2006.

[factsandfigures] 19/6/2023 16:45

Boohoo Chairman, Mahmud Kamani would be wise to remember that "people in glass houses shouldn't throw stones"


Revolution Beauty’s biggest shareholder, online fashion firm Boohoo, has called for the removal of top bosses at the troubled make-up retailer.

Boohoo – which owns a stake of around 26.6% in Revolution Beauty – said it plans to vote against the reappointment of Revolution Beauty’s chief executive Bob Holt, chairman Derek Zissman and chief financial officer Elizabeth Lake at the firm’s upcoming annual general meeting for shareholders on June 27.

[factsandfigures] 19/6/2023 16:21

Boohoo Chairman, Mahmud Kamani would be wise to remember that "people in glass houses shouldn't throw stones"


Revolution Beauty’s biggest shareholder, online fashion firm Boohoo, has called for the removal of top bosses at the troubled make-up retailer.

Boohoo – which owns a stake of around 26.6% in Revolution Beauty – said it plans to vote against the reappointment of Revolution Beauty’s chief executive Bob Holt, chairman Derek Zissman and chief financial officer Elizabeth Lake at the firm’s upcoming annual general meeting for shareholders on June 27.

[novision] 19/6/2023 15:27

(Alliance News) - boohoo Group PLC on Monday called for wholesale changes at the board of troubled investee Revolution Beauty Group PLC, which should now switch its focus to "growth".

The London-based online retailer owns just under 27% of Revolution Beauty.

boohoo said it will vote against the re-appointment of Chief Executive Bob Holt, Chair Derek Zissman, and Chief Financial Officer Elizabeth Lake as directors at the beauty company's annual general meeting.

It has also requisitioned a general meeting where it will look to table a bid to remove those directors, and add Alistair McGeorge and Neil Catto, the former as executive chair and the latter as CFO.

McGeorge, a boohoo non-executive director, is the current non-executive chair of tonic waters and mixers producer East Imperial PLC.

Catto is currently a non-executive director at indie games publisher tinyBuild Inc, and was previously chief financial officer of boohoo between 2011 and 2022.

"As Revolution Beauty's biggest shareholder, boohoo is grateful to Bob, Derek and Elizabeth for stabilising the business," the company explained.

"However, as Revolution Beauty transitions to its next phase, where the focus must switch to growth, boohoo believes a senior leadership team with the right retail, e-commerce and consumer brands experience is required to deliver shareholder value."

[orkneyarab] 19/6/2023 15:24

Check BOO for RNS

[kirk 6] 19/6/2023 15:11

News out ?

[kirk 6] 06/6/2023 15:39

Hoping we will commence trading this week and open above 45p