Boohoo rejects criticism from Frasers Group as ‘inaccurate and unfair’

Frasers Group, which owns 27% of Boohoo, is attempting to install its founder Mike Ashley as chief executive of the online retailerNils Pratley: Boohoo was already a governance mess. Enter Mike Ashley for extra complexityBoohoo has hit back against Frasers Group , which is attempting to install its founder, Mike Ashley, as chief executive, describing Frasers’ criticisms of the online retailer as “inaccurate and unfair”.On Thursday, Sports Direct owner Frasers, which owns 27% of Boohoo, wrote a letter to the online fashion company’s board calling for an emergency meeting of shareholders to vote to install Ashley as its chief to replace current boss John Lyttle. Continue reading…



Source link : https://www.theguardian.com/business/2024/oct/25/boohoo-rejects-criticism-from-frasers-group-as-inaccurate-and-unfair

Author : Jack Simpson

Publish date : 2024-10-25 10:38:04

Copyright for syndicated content belongs to the linked Source.