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The Guardian - UK

Business

Jasper Jolly and Sarah Butler

Boohoo wins influential adviser’s support in battle with Mike Ashley

Mike Ashley Boohoo Frasers Dan Finley ISS Mahmud Kamani Frasers Group Debenhams Sports Direct

a boohoo webpage on a smartphone with boohoo dress designs in the background — Boohoo argues Mike Ashley is seeking to disrupt the retailer’s turnaround efforts. Photograph: Justin Tallis/AFP/Getty Images

Fast-fashion retailer Boohoo has won the support of an influential shareholder adviser in its battle to prevent Sports Direct founder Mike Ashley wresting control of the company.

Boohoo on Monday published the recommendation of Institutional Shareholder Services (ISS) that investors vote against Ashley and another associate joining its board at a meeting on 20 December.

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