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Frasers Group calls for Ashley to take reins at struggling Boohoo
October 25, 2024
|The Guardian
The Sports Direct owner, Frasers Group, is attempting to install its founder, the retail tycoon Mike Ashley, as chief executive of Boohoo, as he accuses the board of having "lost its ability to manage" the online fashion company.
Frasers, which owns 27% of Boohoo, has written to the board calling for an emergency meeting of shareholders to take a vote on appointing Ashley as chief executive, less than a week after the company announced that its boss, John Lyttle, would be stepping down.
"There is no stronger candidate for CEO who has the experience and abilities of Mr Ashley and who is in a position to replace Mr Lyttle as soon as possible," Frasers' letter said.
هذه القصة من طبعة October 25, 2024 من The Guardian.
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