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Evening Standard
Evening Standard
Holly Williams

Boohoo investors reject bid from Frasers to remove co-founder

Boohoo Mahmud Kamani Dan Finley Mike Lennon
Boohoo shareholders rejected a call to oust its co-founder from the board (Ian West/PA) - (PA Wire)

Boohoo has seen off the latest attempt by Mike Ashley’s Frasers Group to overhaul the online fast fashion firm’s leadership as shareholders rejected a call to oust its co-founder from the board.

The retailer – which also owns brands including PrettyLittleThing and Debenhams – said that 63% of votes cast by investors at a general meeting on Tuesday were made against a resolution tabled by Frasers to remove co-founder and group executive vice chairman Mahmud Kamani, who owns a more than 12% stake in Boohoo.

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