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The Latest Breaking News from Boohoo

Revolution Beauty warns over sales slump after December trading woes

The embattled cosmetics brand said it had seen ‘sales softness’ over the key Christmas month across its online channels.

Evening Standard

Shares rise as traders try to interpret Trump policies

Stock markets on both sides of the Atlantic rose on Tuesday after the inauguration the day before.

Evening Standard

Boohoo investors reject bid from Frasers to remove co-founder

The online fast fashion firm said 63% of investor votes cast were made against a motion by Frasers to remove co-founder Mahmud Kamani.

Evening Standard

From analysis to the latest developments in health,
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Queen of beige: How Molly-Mae became an unsinkable influencer

LET’S UNPACK THAT: As Molly-Mae Hague gets ready to open up in a new Prime Video documentary, Katie Rosseinsky looks back on her journey from ‘Love Island’ to Gen Z’s most beloved influencer

The Independent UK

Boohoo accuses Frasers of bid to ‘destabilise’ firm at second investor vote

Frasers has called for Mahmud Kamani to be axed from Boohoo’s board at a general meeting set for January 21.

Evening Standard

FTSE 100 edges higher despite UK economy stalling in third quarter

London’s FTSE 100 closed 18.11 points higher, or 0.22%, at 8,102.72.

The Independent UK

Boohoo sells London office in Soho for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK

Evening Standard

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Boohoo sells London office for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK.

The Independent UK

Wall Street stocks rally at end of choppy week for global markets

It was a mixed session for global stocks as investors continue to digest key economic releases and central bank signals.

Evening Standard

Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

The Guardian - UK

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Evening Standard

London stocks dip after UK economy contracts

London’s top flight finished 11.43 points, or 0.14%, lower to end the day at 8,300.33.

Evening Standard

Boohoo says Frasers Group can have seat on board – but not Mike Ashley

Boohoo chair Tim Morris said Mr Ashley is ‘not appropriate’ for a board seat because of ‘obvious conflict points’.

Evening Standard

Mike Ashley has the right critique of Boohoo. But he doesn’t belong on its board

The online retailer needs a shake-up – but the Sports Direct supremo is far from an unconflicted party

The Guardian - UK

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The Guardian - UK

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

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

Evening Standard

Boohoo gains backing of proxy adviser in boardroom spat with Frasers

Boohoo said Institutional Shareholder Services (ISS) had recommended shareholders vote against the plans on December 20.

Fortune

Retail giant Boohoo’s ex-CEO reportedly quit after being stalked and spied on, underscoring growing fears over executives’ security

Boohoo executives reportedly faced stalking and “corporate espionage,” highlighting the need for security for high-profile corporate bosses.

Evening Standard

Warhammer maker earns place in FTSE 100 while Frasers drops off top index

The latest reshuffle of the London Stock Exchange has seen Nottingham-based Games Workshop join the UK’s biggest share index.

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Evening Standard

Police investigate claims that Boohoo bosses were stalked – reports

The claims come amid an escalating boardroom row between Boohoo and Mike Ashley’s Frasers Group, which holds a 28% stake in the fast fashion firm.

Evening Standard

Frasers Group to shed light on consumer demand ahead of key Christmas period

Frasers Group will update investors on its performance over the past six months on Thursday December 5.

The Independent UK

Mike Ashley’s Frasers urges Boohoo to oust co-founder Kamani

Frasers, which is Boohoo’s largest shareholder, said Mr Kamani ‘must go’ after overseeing a sharp plunge in its shares over the past three years.

Evening Standard

Revolution Beauty swings to loss, but sees ‘encouraging progress’

The group reported pre-tax losses of £10.9 million for its half-year to August 31 against profits of £400,000 a year earlier.

Evening Standard

Boohoo raises £39m in investor cash call as Frasers boardroom tussle heats up

Boohoo is heading for a showdown with Mike Ashley’s Frasers Group at an emergency meeting on December 20.

Evening Standard

Boohoo accuses Frasers Group of ‘self interest’ amid Mike Ashley row

Frasers Group had called Boohoo ‘desperate’ after it declined its attempts to install founder Mr Ashley as chief executive.

The Independent UK

Frasers Group says appointment of Boohoo boss shows ‘disregard’ for shareholders

Mike Ashley’s firm had been trying to install him as Boohoo’s new chief executive, but the online retailer chose someone else.

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