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Evening Standard
Evening Standard
Holly Williams

Frasers demands appointment of founder Mike Ashley as boss of Boohoo

Sports Direct owner Frasers Group has demanded the appointment of its founder Mike Ashley as chief executive of Boohoo as it warns over a mounting ‘crisis’ at the struggling online fashion firm (PA) - (PA Wire)

Sports Direct owner Frasers Group has demanded the appointment of its founder Mike Ashley as chief executive of Boohoo as it warns over a mounting “crisis” at the struggling online fashion firm.

Frasers – which is Boohoo’s largest shareholder with a 27% stake – is calling for a meeting of Boohoo investors to back its plans to appoint Mr Ashley, claiming it is “in the best interests of Boohoo, its shareholders and its stakeholders”.

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