Update on claim against Revolution Beauty GroupPLC
Chrysalis issued draft claim against Revolution Beauty for £39m plus £6.2m consequential losses.
- Principal claim £39m
- Consequential losses claim £6.2m
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Further to comments made in the Company's FY23 Financial Report and Audited Financial Statements, the Company has not been satisfied with the limited responses received from Revolution Beauty and its legal advisers to date, and accordingly the Company issued draft Particulars of Claim to Revolution Beauty on 19 April 2024. The draft Particulars of Claim note a claim of £39m, together with a claim for consequential losses of a further £6.2m. The Company considers that it has a strong case and is willing to pursue it.
| For further information, please contact Media Montfort Communications Charlotte McMullen / Imogen Saunders | +44 (0) 7921 881 800 chrysalis@montfort.london |
| Chrysalis Investment Partners LLP: James Simpson | +44 (0) 20 7871 5343 |
| Liberum: Chris Clarke / Darren Vickers / Owen Matthews | +44 (0) 20 3100 2000 |
| Deutsche Numis: Nathan Brown / Matt Goss | +44 (0) 20 7260 1000 |
| Apex Administration (Guernsey) Limited: Chris Bougourd | +44 (0) 20 3530 3109 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.