Boohoo’s Carol Kane staves off investor revolt at AGM to win overwhelming shareholder backing Boohoo’s Carol Kane staves off investor revolt at AGM Boohoo co-founder Carol Kane has avoided a feared investor revolt to oust her as a director today, instead winning overwhelming shareholder support. Some 88 per cent of Boohoo shareholders voted in favour of Kane continuing in her role as an executive director at the company at today’s general meeting. Prior to the AGM, there were [...]
Boohoo pressures suppliers to drive down prices, says BBC probe Retail Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges
Boohoo drafts in former THG chief as it steams ahead with Revolution coup boohoo Boohoo has drafted in the former head of cosmetics from THG as it doubles down on its attempted boardroom coup at Revolution Beauty. Tensions between the fast fashion giant and troubled makeup brand have been brewing for the past week, after Boohoo, which holds a 26.6 per cent stake in Revolution, said it would vote [...]
Revolution or all-out war? Firm brands ‘hostile’ Boohoo coup ‘self-serving and opportunistic’ June 21, 2023 All eyes turn to the AGM of troubled fashion giant Revolution Beauty as it hit back at “hostile” shareholder Boohoo ,labelling its attempted coup as “opportunistic” and “self-serving”. Boohoo, which holds a 26.6 per cent stake in the Revolution, revealed it would vote against chief executive Bob Holt, chairman Derek Zissman and chief financial officer [...]
Mike Ashley’s Frasers Group further ups Boohoo stake February 7, 2024 Mike Ashley's Frasers Group has furthered strengthened its position as the largest single shareholder in Boohoo.
Mike Ashley’s Frasers Group raises Boohoo stake to 15 per cent October 16, 2023 Mike Ashley backed Frasers Group has once again raised its stake in online fashion brand Boohoo. The Sports Direct owner upped its share in the group from 13.4 per cent to 15.1 per cent. The fashion powerhouse, which also owns Jack Wills, has been rapidly increasing its stake in the popular clothing site. At the [...]
Boohoo share price soars as profits halve: Brits ditch fast-fashion and head back to the high street May 16, 2023 Online fashion retailer Boohoo said its profits halved, as the cost of living crisis continues to hit consumers’ spending and Brits flock back to physical stores. Pre-tax profits for the group halved during the 12 month period ended 28 February 2023 to £63.3m, down 49 per cent, with revenues dropping 11 per cent to £1.77bn. [...]
CMA greenwashing probe: Asda, Asos and Boohoo promise clarity on eco-claims March 27, 2024 Top fashion retailers Asos, Boohoo and George at Asda, have signed undertakings to clarify the way they promote and display their environmental credentials, the competition watchdog has said.
Boohoo settles £156m court case over fake discount claims May 4, 2023 Boohoo has settled a staggering $197m (£156m) US court case in which the fast fashion giant was accused of faking discounts for customers. The pure-play online retailer, which also owns Pretty Little Thing and Nasty Gal, was accused of engaging in a “deceptive pricing scheme”, with the court filing claiming Boohoo would falsely raise the [...]
Revolution Beauty: All eyes on signs of a rebound after Boohoo spat August 28, 2023 Investors will turn their focus to Revolution Beauty’s upcoming annual results on Thursday to see if the troubled cosmetics line has shown any signs of rebounding following a public spat with its chief stakeholder Boohoo. The cosmetics company has recently just begun trading on the London Stock Exchange again in June after its shares were [...]