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A global search is under way with the board assisted by executive recruiter Egon Zehnder.
Ms O’Shannessy will present full-year results later this month, but the retailer had a shaky start to the second half. A late-April update revealed it had posted revenue growth of just 9 per cent to $42.7 million in the third quarter, a slowdown from 14 per cent growth for the first six weeks.
Adore Beauty launched in 2000 and since evolved to an integrated content, marketing and e-commerce retail platform that partners with a portfolio of more than 270 brands including Aesop, American Crew and Coco & Eve, and 11,700 products.
Adore Beauty floated in October 2020 out of Quadrant Private Equity amid much hype at $6.75 a share, but has since come under pressure and never traded back at the issue price.
More to come
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