Chrysalis Investments has issued a draft claim for upwards of £45m against Revolution Beauty, continuing the action it began at the end of 2023.
According to a regulatory filing, the draft particulars of claim against the cosmetics company consist of a £39m claim, with an additional £6.2m claim for "consequential losses". Exits and capital returns potential set to propel Chrysalis beyond continuation vote The move follows the trust's initial formal letter of claim issued on 22 November 2023, and marks a turning point in the communications between the companies, with Chrysalis accusing Revolution of "limited responses". Chrysalis' claim rests on "misstatements and material omissions" it argues were provided by Revolution pr...
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