Lush in legal dispute with former CEO over shares transfer

By Ritika Bhoora2023-02-21T14:44:00

Investment firm Silverwood Brands, headed by former Lush chief executive Andrew Gerrie, has accused the cosmetics retailer of failing to acknowledge a 19.8% transfer of shares.

In December 2022, Silverwood announced that it would be acquiring a 19.8% stake in Lush Cosmetics and Cosmetics Warriors for a total of £216.8m payable in Silverwood shares.

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