Boohoo takes Revolution row to junior market regulator

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The online fashion retailer has drafted a letter to the AIM regulator as it weighs plans to requisition a second extraordinary general meeting at Revolution Beauty, Sky News understands.

The escalating row between Boohoo and Revolution Beauty, the AIM-listed retailer, is poised to intensify with a complaint to the junior stock market regulator.

Boohoo also plans to seek assurances that voting decisions at a forthcoming Revolution Beauty EGM are upheld and not subsequently overturned, according to people close to the situation. The battle between the two companies has been raging for weeks as Boohoo, which owns a 26.6% stake in Revolution, has sought to reshape its board.

 

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