Revolution Beauty reaches settlement with former CEO
Revolution Beauty has reached a settlement agreement with former chief executive Adam Minto after a long-running legal battle over delayed results, which saw the business removed from the stock market.
The health and beauty retailer announced today that Minto has agreed to “the full and final settlement of certain claims between them” and will pay Revolution Beauty £2.9m.
The settlement sum will be paid in six annual instalments of £483,333 starting on March 28, 2024, with each subsequent sum due on that same date until March 28, 2029. If a payment is missed, interest will be charged at 8% per annum.
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