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Evening Standard
Evening Standard
Business
Jonathan Prynn

Boohoo wards off audacious boardroom coup move from Frasers

Frasers Boohoo Board Mike Ashley Asos Company
Boohoo urges shareholders to take no action in response to Frasers’ demands -

The battle over the future of Boohoo heated up today when the board of the fast fashion retailer rebutted demands from shareholder Mike Ashley that he be installed as chief executive.

The Sport Direct retail tycoon’s Frasers Group published an open letter yesterday in which is ordered boohoo to sack its current CEO John Lyttle and appoint Ashley.

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