Boohoo shareholders reject Mike Ashley’s board bid

Boohoo shareholders have voted against resolutions put forward by Frasers Group at today’s general meeting (20 December), putting an end to the lengthy boardroom battle.
Frasers, which holds a 27% stake in Boohoo, had sought to appoint Mike Ashley as CEO and Mike Lennon as a director. The proposals also called for the removal of Boohoo’s executive chairman, Mahmud Kamani, as part of a broader plan to restructure the struggling fashion retailer.
Some 63.77% of shareholders voted again