Boohoo has removed co-founder Mahmud Kamani from his chairman role, making him executive vice-chair, and appointed Tim Morris as independent chairman.

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Boohoo names new chair as Frasers pushes for overhaul

Frasers, which is Boohoo’s largest shareholder, said Mr Kamani ‘must go’ after overseeing a sharp plunge in its shares over the past three years.

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The Independent

Evgeny Lebedev

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Mike Ashley’s Frasers urges Boohoo to oust co-founder Kamani

Government of Ireland

Wall Street Journal

Murdoch family

New York

United States

Boohoo Changes Chairman as Frasers Calls For Removal


Frasers has been quick to respond to Boohoo’s announcement that executive chair Mahmud Kamani will step back to vice chair, claiming it is not enough and he “must go”. This morning, Boohoo’s top investor called for a shareholder’s meeting to remove Kamani as a director and to replace him with Mike Ashley and Mike Lennon. At the same time, Boohoo announced its co-founder Mahmud Kamani was replaced as chairman by non-executive director Tim Morris …

City AM

Frasers tells Boohoo Mahmud Kamani must go: 'His title might have changed but his grip has not'

Executive shake-up at fashion retailer fails to quell disagreement

Financial Times

Nikkei Inc.

Mike Ashley’s Frasers Group escalates row with Boohoo

India Daily Mail

Mike Ashley's Frasers advises Boohoo to oust founder Kamani

‘A simple choice: win with Mike Ashley or lose with Mahmud Kamani.’ That was the stark title of the latest open letter from Frasers Group to boohoo’s shareholders this morning. The two sides have been locked in a bitter dispute in recent months over the direction and performance of the online fashion retailer. Only last week, Frasers, which owns 27 per cent of boohoo’s shares, sent another open letter to boohoo’s board following the appointment …

BusinessCloud.co.uk

Kamani vs Ashley - now it’s war at boohoo

Frasers Group has published an open letter to Boohoo shareholders claiming that executive chairman Mahmud Kamani “must go” and be replaced by Mike Ashley. The retail group wrote “a simple choice: win with Mike Ashley or lose with Mahmud Kamani” as it stepped up its boardroom battle with Boohoo. It urged the fast fashion retailer’s shareholders to vote to appoint Ashley and restructuring expert Mike Lennon as directors of the company at its share…

Retail Gazette

Frasers Group demands Boohoo chair Kamani be replaced by Mike Ashley - Retail Gazette

Frasers has openly called for Boohoo shareholders to oust Mahmud Kamani from the company and instead appoint Mike Ashley to the board, citing that “urgent change is needed” at Boohoo following its latest “dismal” results.In its latest open letter to shareholders, the Mike Ashley-owned group, which is a majority shareholder of Boohoo, continued what has been an ongoing public feud between the two groups over Boohoo’s governance.  The letter noted…

Retail Sector

Frasers calls on Boohoo to oust founder Kamani as row continues

Boohoo founder Mahmud Kamani has stepped back from his role as executive chairman and will become vice-chairman

Boohoo names new chair as Frasers pushes for overhaul

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