Boohoo shareholders shun Frasers and vote to keep co-founder Kamani on board January 21, 2025 Boohoo shareholders have voted two to one against a resolution proposed by Mike Ashley’s Frasers Group to remove co-founder and vice chair Mahmud Kamani as a director of the fast-fashion giant. Four fifths of shareholders took part, and two thirds of participating shareholders voted to retain Kamani on the board of the Manchester-headquartered company. In a statement, [...]
Proxy adviser backs Boohoo vice chair in Mike Ashley row January 9, 2025 Proxy voting adviser Institutional Shareholder Services (ISS) has backed Boohoo in its row with Mike Ashley and Frasers Group, urging shareholders to vote against firing the company’s co-founder and vice chair Mahmud Kamani. In November, Frasers demanded that Kamani be removed as a director of Boohoo, leading the firm to call a general meeting scheduled [...]
Mark Kleinman: Hold the Telegraph front page – then hold it some more December 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles the Telegraph bid, Mike Ashley’s failed Boohoo approach and an oil deal in the North Sea I suspect you’d have got long odds on January 1 on the auction of The Daily [...]
Mike Ashley loses vote to join Boohoo board December 20, 2024 Mike Ashley has lost his bid to become a board member of fast-fashion giant Boohoo, which his Frasers Group is the largest shareholder. More than 63 per cent of votes were cast against the appointment of the billionaire at a general meeting in Manchester. Almost the same number of votes were also cast against Michael [...]
Boohoo’s money troubles increase as bidder for London office walks away December 15, 2024 Boohoo has suffered another financial setback after an Israeli bidder pulled out of talks to buy its London office. The company was set to sell its Soho office for £60m to cover a looming debt repayment of £47m due in August 2025. The fast-fashion company bought the property for £72m in 2021. The news comes [...]
Boohoo floats board seat to Frasers – as long as it’s not for Ashley or Lennon December 13, 2024 Boohoo's board has floated an olive branch to Frasers today with the offer of a board seat, but only if Mike Ashley or Mike Lennon are not the candidates put forward.
Frasers hits out at Boohoo’s Kamani over Mike Ashley appointment December 12, 2024 Glass Lewis's opposition comes after a similar recommendation made by Institutional Shareholder Services (ISS) last week.
Boohoo hits out at Ashley’s Frasers Group again as public spat deepens December 10, 2024 Boohoo has accused Mike Ashley’s Frasers Group of waging a campaign to “destabilise” and “disrupt” the company today in the latest salvo of a protracted spat between the two retail giants. In a letter to shareholders, Boohoo urged them to vote against Ashley’s efforts to install himself on Boohoo’s board and said Frasers is “acting [...]
Boohoo shares rebound from historic low amid battle over its future December 9, 2024 Shares in fast fashion group Boohoo have recovered from a historic low as the battle over its future took another twist ahead of a crunch vote before Christmas. The Manchester-headquartered group, whose brands include Debenhams and Prettylittlething, suffered a slump in its share price in July from 35p to 27p. However, shares in Boohoo have [...]
Mike Ashley pledges ‘fresh ideas’ in bid for Boohoo board seat December 8, 2024 Frasers Group chief Mike Ashley has renewed his criticism of Boohoo’s management as he continues his bid for a seat on the struggling fashion retailer’s board. In an open letter, Ashley vowed to turn around the London-listed company, arguing that it was underperforming with “no clear strategy to halt the decline”. “As a board member, [...]