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Retail & Consumer

Revolution Beauty signals potential compromise with Boohoo

Revolution Beauty has urged its shareholders to vote against the plans

Boohoo and Revolution Beauty are locked in a bitter public spat

Revolution Beauty has signalled that it could potentially reach a compromise with Boohoo.

The retailer has been locked in a bitter public spat with the fashion giant over the composition of its board. Click here to read about everything that's happened so far.

A general meeting of Revolution Beauty's shareholders has been set for August 7 in which Boohoo is seeking to appoint Alistair McGeorge and Neil Catto as directors.

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Boohoo is also proposing that Bob Holt, Derek Zissman and Elizabeth Lake be removed from the board.

Revolution Beauty has urged its shareholders to vote against the plans.

It added: "However, the board believes that a compromise position with boohoo is close and could be reached in the coming days.

"If the board were able to reach a compromise, this would avoid the expense, administrative burden and other detrimental consequences for the company that would result from the General Meeting.