Boohoo shareholders reject Mike Ashley and Mike Lennon's board appointments amid financial struggles.

Boohoo shareholders have voted against appointing Mike Ashley, founder of Sports Direct, and restructuring expert Mike Lennon to the company’s board. Over 63% of votes were against both appointments, despite Frasers Group, which owns 27% of Boohoo, pushing for their inclusion. Boohoo, facing financial challenges including a £300 million drop in sales and increased competition from Shein and Temu, saw its shares end slightly higher post-vote. The company remains focused on improving its performance and value for shareholders.

3 months ago
18 Articles