Mike Ashley’s empire tightens grip on Boohoo as crunch vote nears November 15, 2024 Mike Ashley’s Frasers Group has continued to up its stake in Boohoo as a war of words over the future of the fast-fashion giant rumbles on. The owner of the likes of Sports Direct and House of Fraser now has a 28 per cent stake in the Manchester-headquartered group, which itself features brands such as [...]
Mike Ashley’s Frasers Group warns Boohoo over break-up plans November 6, 2024 Mike Ashley’s Frasers Group has handed Boohoo a list of demands after its campaign to install the retail tycoon as the new CEO of the fast-fashion giant failed last week. The owner of Sports Direct and House of Fraser had sought to get Mike Ashley installed as the new chief executive of Manchester-headquartered Boohoo, in [...]
Mike Ashley defeated: What’s next for Boohoo and will Frasers billionaire seek revenge? November 1, 2024 Retail tycoon Mike Ashley has experienced a rare taste of defeat after fast-fashion giant Boohoo resisted his attempt to become its new chief executive by tapping the boss of Debenhams. Dan Finley is to step into the role which is being vacated by John Lyttle whose departure was announced last month. Mike Ashley’s Frasers Group [...]
Boohoo shares drop as firm mulls break up and boss heads for the exit October 18, 2024 Boohoo has revealed that its CEO is stepping down after five years, kick-starting a search for the fast fashion's next chief executive
Could Shein set its sights on Asos after putting Boohoo in the shade? October 9, 2024 The hierarchy of the UK’s fast fashion industry looks to have shifted after Shein’s UK sales eclipsed Boohoo’s for the first time. The Chinese-founded online retailer, which is on track for a bumper IPO on the London Stock Exchange, achieved a revenue of more than £1.5bn in 2023, it was revealed this week. Shein also [...]
Shein parks tanks on Boohoo’s lawn as UK sales pass £1.5bn ahead of IPO October 8, 2024 UK sales at Shein, the Chinese-founded online retailer on track for a bumper IPO on the London Stock Exchange, passed £1.5bn last year, the company has revealed. The division generated a revenue of £1.55bn for 2023, up from the £1.12bn it achieved in 2022. Shein also posted an annual profit of £18.7m, a significant rise [...]
Revolution Beauty back in the black despite weak online sales June 26, 2024 Cosmetics brand Revolution Beauty has clawed its way out of the red as high sales in the rest of the world help offset its poor performance in the US.
Boohoo struggles continue with earnings and sales down – and losses mounting May 8, 2024 The company said its annual core earnings fell by seven per cent, revenue fell by 17 per cent, and the total value of goods sold fell by 13 per cent, after a tumultuous year in which it made multiple acquisitions.