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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Boohoo shareholders vote to block Mike Ashley from joining board

Mike Ashley Boohoo Tim Morris Frasers Sports Direct Dan Finley Mahmud Kamani Mike Lennon
The boohoo sign in the background with a shopper in silhouette perusing the Boohoo website on a smartphone
Boohoo chair Tim Morris said 99% of those that voted – excluding the 27% stake controlled by Frasers Group – opted to block Ashley’s appointment. Photograph: Dado Ruvić/Reuters

Boohoo shareholders have blocked Mike Ashley and an associate from joining its board in a blow to the Sports Direct founder’s attempt to control the struggling online fashion retailer.

Investors representing 64% of Bohoo’s stock voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group.

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