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The Latest Breaking News from John Lyttle

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

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

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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

The Guardian - UK

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.

Evening Standard

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

Boohoo backtracks on plan to pay bosses £1m bonuses

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

The Guardian - UK

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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.

Fortune

Boohoo dives into debt as losses soar to £160m and sales slump

Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high street

The Guardian - UK

Boohoo shareholders revolt over executive bonuses as fashion giant eyes return to profit

Chief executive John Lyttle was handed a £650,000 bonus last year despite the group racking up losses of over £90m

Birmingham Post

Boohoo boss takes home £650,000 bonus despite fast-fashion giant making over £90m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Manchester Evening News

Boohoo founders get hefty bonuses despite missing sales and profit targets

Carol Kane and Mahmud Kamani paid about £1m each after bonuses equivalent to annual basic salary

The Guardian - UK

Boohoo CEO handed £650,000 bonus despite fashion giant making almost £91m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Birmingham Post

Boohoo plunges to £90.7m loss, but shares surge as boss promises return to growth by Autumn

Josh Warner, market analyst at City Index, said: “What a rough year for Boohoo”

Evening Standard

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Manchester Evening News

Boohoo shareholders stage revolt against £175m bonus plan which could see boss handed £50m

The vast majority of the bonuses would be handed to the group's top team

Birmingham Post

Boohoo shareholders revolt over £175m bonus plan

The bonus plan was first announced by Boohoo last month

Wales Online

Boohoo draws up new £175m bonus plan after share price collapses

The new incentive plan could see CEO John Lyttle net £50m if he manages to vastly increase the company's market capitalisation.

The Guardian - UK

Boohoo boss could be in line for £50m bonus

Online retailer raises incentives for senior management after slump in share price and slow Christmas sales

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Manchester Evening News

Manchester-based Boohoo will hand out £175m in bonuses if company's value balloons to £5bn

Boohoo's CEO would receive an extra £50m if certain targets are met

Evening Standard

Boohoo unveils new share incentive scheme with easier targets

CEO John Lyttle could net up to £50 million from the plan

Birmingham Post

Boohoo share price collapse forces £175m bonus plan rethink

Under the new plan, a total of £175m would be handed out over a period of time if Boohoo's market capitalisation reaches £5bn

Manchester Evening News

Huge drop in sales for Boohoo as delivery delays bite

Sales in the UK, Boohoo's largest market, slumped by 11%

Birmingham Post

Boohoo hit by delivery delays as sales take huge cut

The decline did not come as a surprise to either Boohoo or its shareholders, who had been warned that sales were set to drop over the period

Manchester Evening News

Top Boohoo boss in line for massive bonus if retail giant meets targets

Boohoo's brands include PrettyLittleThing, Dorothy Perkins and Debenhams

Daily Mirror

Boohoo CEO set for £1.3million bonus to become one of UK's richest bosses

Boohoo boss John Lyttle will get a mega bonus if Boohoo and its brands like Dorothy Perkins, Karen Millen, PrettyLittleThing and Burton do well in the next few years

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