Revolution Beauty is considering legal action against its founder and former chief executive Adam Minto amid an ongoing crisis at the brand. 

The beauty brand said it sent a letter to Minto that accuses him of breaching “his fiduciary, statutory, contractual and/or tortious duties to the company”.  

In a statement published to the London Stock Exchange, Revolution Beauty said Minto’s alleged actions “contributed to the delay in the audit of the group’s FY22 results, and to the suspension of the company’s shares from trading on AIM”.  

The retailer said it “is looking to recover material sums relating to the exceptional costs” it incurred as a result of the matters alleged. 

Revolution Beauty said: “The company takes these matters extremely seriously. It is important for shareholders to note that there can be no certainty on the outcome of these legal proceedings and the company will make further updates to shareholders as appropriate in due course.”

This comes a day after the online fashion retailer Boohoo made moves to gain greater control of Revolution Beauty by staging a boardroom coup and announcing its plans to vote against the reappointment of senior leadership at the brand’s annual general meeting on June 27.

Boohoo, which owns a 26.6% stake in Revolution Beauty, said it will also call a separate general meeting to remove the top bosses and appoint Boohoo’s non-executive director Alistair McGeorge as interim executive chair and Boohoo’s former financial officer Neil Catto as chief financial officer of Revolution Beauty.

In response, Revolution Beauty said Boohoo’s plans “would comprise a majority of the board, alongside current director Jeremy Schwartz” and urged shareholders not to take any further action until an announcement is made.

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