04-11-2024 09:25 via retailgazette.co.uk

Mike Ashley takes aim at ‘desperate’ Boohoo following CEO snub

Frasers Group’s Mike Ashley has called Boohoo “desperate” after the ailing fast fashion retailer promoted Debenhams boss Dan Finley to chief executive instead of relenting to his demands to take the hotseat.
Following Finley’s appointment last week, Ashley told The Sunday Times in an email: “Independent shareholders be warned, desperate people do desperate things.”
Last month Frasers, which holds a 27% stake in the online fashion retailer, published a letter
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