0:00
Why exactly has the chief executive of
0:02
Lush ended up in court?
0:03
>> He's been in a long-running legal
0:06
dispute with one of the co-founders of
0:08
the company and his immediate
0:09
predecessor, Andrew Gerrie. So, the
0:11
current CEO, Mark Constantine, is also a
0:14
a founder of the bath bomb and and and
0:18
>> high street staple. But, those two
0:20
co-founders, perhaps the highest
0:21
profile, have been in a in a standoff
0:24
that goes back years and is costing an
0:26
awful lot of money in legal fees. Uh
0:28
City A.M.'s Rosie Harris Davis has
0:30
identified legal fees of around 6
0:32
million, which dates back to when Gerrie
0:34
left the firm in 2014
0:36
after 30 years with the business. And he
0:39
thinks he was pushed out and his
0:41
successor and uh the guy on the other
0:43
side of the legal roster, Mark
0:45
Constantine, doesn't think he was. And
0:47
so, the former chief executive, Gerrie,
0:49
is asking the court to review the entire
0:51
30-year history between him and
0:53
Constantine, including, and this is the
0:55
key bit, this is the bomb in the bath,
0:58
including his 2014 exit and the
1:00
company's alleged failure to pay him
1:01
dividends. And this matters for the firm
1:04
and the other privately held investors
1:05
in it because uh Gerrie and his wife
1:08
still have a multi-million-pound stake
