Mike Ashley's Frasers Group has been engaged in a war of words with the online fashion business, with the billionaire accusing the Boohoo board of "gross mismanagement".

Sky News UK

United Kingdom

Billionaire Mike Ashley denied Boohoo board seat after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Independent

Evgeny Lebedev

London

Greater London

England

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

MIKE Ashley’s bid to join the board at Boohoo was thwarted yesterday — after 99 per cent of independent shareholders voted against his election.Th

The Sun

Murdoch family

Mike Ashley’s Boohoo bid thwarted after 99% of shareholders vote against him

Boohoo shareholders have rejected efforts by Sports Direct founder Mike Ashley to get himself appointed to the online fashion firm’s board.

Shropshire Star

MNA Media

Ketley

Shropshire

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Roberts family

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 Lennon also taking up a board seat. In a statement issued following the meeting, new Boohoo chief executive Dan Finley said: “Our …

City AM

Mike Ashley loses vote to join Boohoo board

British billionaire Mike Ashley has been denied a seat on the board of fast-fashion business Boohoo. A majority of Boohoo shareholders rejected efforts by the Sports Direct founder at a meeting in Manchester on Friday, with 64% of votes opposing the appointment. A similar number also denied restructuring expert Mike Lennon a seat on the board. Money blog: Guinness maker gives update on shortage Mr Ashley’s Frasers Group is the biggest single sha…

khbrknews

Billionaire Mike Ashley denied Boohoo board seat after boardroom

Mike Ashley has failed in his bid to be elected to the board of boohoo Group plc. Shareholders voted against the election of the Frasers Group plc owner in the company’s annual general meeting this morning. A separate attempt by shareholder Frasers to install restructuring expert Mike Lennon also failed.  A long-running feud between Ashley and boohoo co-founder Mahmud Kamani came to a head today, with both Frasers and boohoo having published web…

BusinessCloud.co.uk

Mike Ashley fails in boohoo board bid

Boohoo Group has banned journalists from attending its boardroom battle with Mike Ashley, as the dispute over the retailer’s future culminates. The ecommerce giant told media they would not be allowed to attend its annual general meeting, where shareholders will vote over calls to put Ashley on Boohoo’s board, The Telegraph reported. Only shareholders are thought to be admitted to the meeting, the newspaper believes, with the outcome of the vote…

Retail Gazette

Boohoo bans journalists from its boardroom battle with Frasers Group - Retail Gazette

Boohoo has reportedly blocked journalists from attending its boardroom showdown with Mike Ashley, following an ongoing battle over the fast-fashion company’s governance.According to The Telegraph, Boohoo told journalists that they will not be able to attend its annual general meeting today (20 December), where shareholders will vote on Frasers’ demands to install Ashley to the board. The Telegraph reported that only shareholders are expected to …

Billionaire Mike Ashley denied Boohoo board seat after boardroom battle

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics