FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020.
REUTERS/Dado Ruvic/Illustration/File Photo(Reuters) - UK-based Revolution Beauty said on Monday it could reach a settlement with top shareholder Boohoo over board changes in the coming days, after the beauty products retailer said it will hold a general meeting on Aug. 7.
British online fashion retailer Boohoo had in late June urged the company to call for a general meeting to remove executives including CEO Bob Holt from the board, a day after he was reappointed.
Revolution on Monday also urged shareholders to follow its voting recommendation to vote against all of Boohoo’s proposed resolutions.
Suspension on the shares of the company were lifted last month after the re-appointment of Holt, Chief Financial Officer Elizabeth Lake and Chairman Derek Zissman to the board.
Persons:
Dado Ruvic, Boohoo, Bob Holt, Alistair McGeorge, Neil Catto, Boohoo’s, Holt, Elizabeth Lake, Derek Zissman
Organizations:
REUTERS