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The Latest Breaking News from Boohoo

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.

The Independent UK

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

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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.

Evening Standard

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.

The Independent UK

FTSE 100 recovers ground after market jitters

The FTSE 100 finished 67.05 points, or 0.83%, higher to end the day at 8,177.15.

Evening Standard

Boohoo appoints new head, rejecting Mike Ashley’s attempted boardroom takeover

The struggling online retailer has chosen Dan Finley, the boss of Debenhams, which it owns, as its new chief executive.

The Independent UK

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Voices: What could be better than reviving Boohoo? Bring back Topshop instead!

COMMENT: The fast-fashion retailer that boomed during the pandemic has fallen on hard times, and Sports Direct founder Mike Ashley hopes to rescue it – but, says Emma Clarke, there’s another British high-street brand that’s ready for a comeback

The Independent UK

FTSE 100 ends week in the red as investors look to upcoming Budget

Chancellor Rachel Reeves will deliver the spending statement on October 30, with several tax hikes mooted.

The Independent UK

Boohoo rejects criticism from Frasers Group as ‘inaccurate and unfair’

Frasers Group, which owns 27% of Boohoo, is attempting to install its founder Mike Ashley as chief executive of the online retailer

The Guardian - UK

Boohoo hits back at Frasers over Mike Ashley’s attempted boardroom takeover

Frasers had previously sounded the alarm over what it said was a ‘leadership crisis’ at Boohoo, and sought to install Mr Ashley as chief executive.

The Independent UK

Boohoo wards off audacious boardroom coup move from Frasers

neither delayed responding to Frasers’ requests for board representation nor ignored them.”

Evening Standard

Boohoo was already a governance mess. Enter Mike Ashley for extra complexity

Frasers wants its founder to be boss of the ailing fashion retailer. But Ashley isn’t ruling out being a bidder himself in any potential break-up

The Guardian - UK

London stocks climb after strong gains for Unilever and Barclays

The FTSE 100 finished 10.74 points, or 0.13%, higher to end the day at 8,269.38.

The Independent UK

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The Guardian - UK

Frasers Group calls for Mike Ashley to replace Boohoo chief

Ashley’s Frasers Group, which owns 27% of online retailer, seeks vote on overhaul to ‘set new course’ for future

Evening Standard

Frasers demands appointment of founder Mike Ashley as boss of Boohoo

Frasers warned over what it claimed was a ‘leadership crisis’ at Boohoo after its chief executive last week stepped down.

The Guardian - UK

Boohoo boss to step down as review launched that could spark breakup

John Lyttle to stay as CEO of fashion group, which includes Debenhams and Karen Millen, until successor found

The Guardian - UK

Shein doubles profits in UK after sales leap 40% to £1.5bn

Fast-fashion retailer presents ‘real challenge for Boohoo and Asos’ as it considers £50bn IPO, says analyst

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The Guardian - UK

Asos to charge shoppers who regularly return large amounts of goods

Online fashion retailer writes to some customers to say they face £3.95 fee unless they keep up to £40 of order

The Guardian - UK

Sun, sea and sales … Britain’s delayed summer arrives to thaw the retail chill

After a difficult period on the high street, base rates are falling, temperatures are rising and things are looking up

The Guardian - UK

Investors could claim £100m payout from Ladbrokes and Coral owner Entain

Legal firm says group failed to update shareholders on problems with bribery and corruption at its former Turkish operation

The Guardian - UK

Boohoo investors seek £100m in damages after minimum wage row

Legal move follows share price plunge after 2020 reports of company paying workers as little as £3.50 an hour

Evening Standard

Inside Shein's £50bn fashion empire, from 'sinister surveillance' tactics to its mystery founder

As ministers woo the Chinese fashion brand to make the most contentious London stock market listing in recent years, Katie Strick reports on how the hyper-fast clothing megalith went stratospheric

The Guardian - UK

Boohoo backtracks on plan to pay bosses £1m bonuses

Shareholders complained about payouts amid missed bonus targets on sales, profits and IT aims

Fortune

Loss-making U.K. retailer Boohoo wants to reward its top team with millions in bonuses—and its shareholders aren't happy

“The market is unimpressed with paying executives £1 million packages when the performance of the company has been woeful,” one expert said.

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