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The Latest Breaking News from Boohoo

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

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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

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’

The Guardian - UK

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.

Evening Standard

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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.

Fortune

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.

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.

Evening Standard

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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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.

Evening Standard

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.

The Independent UK

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.

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The Independent UK

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 Guardian - 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 Independent 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.

Evening Standard

Boohoo wards off audacious boardroom coup move from Frasers

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

The Guardian - UK

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 Independent 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.

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