The online retailer Boohoo has raised “serious concerns” about the behaviour of the board at the bargain makeup brand Revolution Beauty after an extraordinary row in which three of its most senior directors were fired and immediately rehired.
The fast-fashion retailer Boohoo, which owns a 26.6% stake in Revolution, was among almost three-quarters of investors who voted to oust the makeup brand’s chief executive, Bob Holt, its chief finance officer, Elizabeth Lake, and its chair, Derek Zissman, at a shareholder meeting on Tuesday. However, they were reinstated after the meeting by an independent director, Jeremy Schwartz.
