A company led by a former boss at Lush has said the retailer’s board has failed to record the transfer of a near 20% stake it acquired in the cosmetic firm.
Silverwood Brands, of which former Lush chief executive Andrew Gerrie is an executive director, said in December it had bought 19.8% of the Dorset-based company from Mr Gerrie and his wife Alison Hawksley for £216.8m - payable in Silverwood shares.
In an update on the London Stock Exchange, Silverwood said it had received a notification from Lush declining to record the transfer of shares to its wholly owned subsidiary, Cosmic Circles.
