Katia Beauchamp, co-founder and CEO of Birchbox, may seek legal action against FemTec Health.
Beauchamp alleges that FemTec failed to honor the terms of a share purchase agreement.
FemTec acquired online beauty subscription company Birchbox for about $45M in 2021.
- Beauchamp hired a law firm to demand that FemTec and its CEO,Kimon Angelides,pay almost $2.1M.
- Beauchamp alleges that FemTec Health and Angelides failed to pay the sum after agreeing to do so as part of a 2021 share purchase agreement.
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Beauchamp hired attorneys to draft a letter saying that she "reserves the right to pursue all available remedies" if FemTec and Angelides fail to make the payment within 14 days.
