Boohoo, Mike Ashley, Frasers Group, UK news, Business, Corporate governance, Retail industry Business | The Guardian
Chair hails ‘resounding vote of confidence’ as investors reject seats on the board for Sports Direct founder and associateBoohoo shareholders have blocked Mike Ashley and an associate from joining its board in a blow to the Sports Direct founder’s effort to control the struggling online fashion retailer.Investors representing almost two-thirds of Bohoo’s stock – 64% – voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group. Continue reading…
Chair hails ‘resounding vote of confidence’ as investors reject seats on the board for Sports Direct founder and associate
Boohoo shareholders have blocked Mike Ashley and an associate from joining its board in a blow to the Sports Direct founder’s effort to control the struggling online fashion retailer.
Investors representing almost two-thirds of Bohoo’s stock – 64% – voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group.
