Shareholder advisory group ISS backs Boohoo in Mike Ashley board spat
9th Dec 2024 07:38
(Sharecast News) - Boohoo said on Monday that international shareholder advisory group ISS has recommended that its shareholders vote against resolutions seeking board representation from Mike Ashley' Frasers Group.
Read moreBoohoo repays £50m of its £97m term loan
2nd Dec 2024 10:15
(Sharecast News) - Boohoo Group announced the repayment of £50m from its £97m term loan on Monday, as part of its recently completed refinancing arrangements.
Read moreJefferies downgrades Boohoo to 'hold', slashes price target
27th Nov 2024 09:47
(Sharecast News) - Jefferies downgraded Boohoo on Wednesday to 'hold' from 'buy' and slashed the price target to 30p from 70p as it said "challenges persist".
Read moreBoohoo gets lender consent for latest fundraising efforts
25th Nov 2024 07:23
(Sharecast News) - Online fashion retailer Boohoo Group announced on Monday it has secured lender consent for its latest fundraising effort, following earlier announcements detailing an oversubscribed placing, subscription, and retail offer on 14 and 18 November.
Read moreLondon close: Stocks rise after UK borrowing data, Nvidia results
21st Nov 2024 16:00
(Sharecast News) - London stocks ended Thursday on a positive note, as markets rebounded following quarterly results from US tech giant Nvidia and investor response to the latest UK government borrowing figures.
Read moreFrasers Group and Boohoo in fresh clash over Kamani
21st Nov 2024 07:18
(Sharecast News) - Frasers Group, the largest shareholder in Boohoo with a 28.01% stake, intensified its call for the removal of Boohoo's executive chairman Mahmud Kamani on Thursday.
Read moreBoohoo raises £40m amid ongoing spat with Mike Ashley
18th Nov 2024 10:00
(Sharecast News) - Troubled fast-fashion retailer Boohoo on Monday confirmed it had managed to raise around £40m in funding to bolster its balance sheet amid a row with major shareholder, Mike Ashley's Frasers Group.
Read moreBoohoo hits back, accuses Frasers of promoting own 'self-interest'
7th Nov 2024 19:00
(Sharecast News) - Boohoo hit back at Frasers Group on Thursday, accusing the retail company of promoting its own "self-interest" at the expense of other shareholders.
Read moreBoohoo should get shareholder approval before any disposals, says Frasers
6th Nov 2024 12:51
(Sharecast News) - Frasers Group published an open letter on Wednesday in which it urged the board of Boohoo not to dispose of any assets without prior shareholder approval.
Read moreBoohoo appoints Dan Finley as CEO
1st Nov 2024 08:02
(Sharecast News) - Boohoo said on Friday that it has appointed the current boss of Debenhams, Dan Finley, as its new chief executive, just days after shareholder Frasers Group urged the online fashion retailer to replace its CEO with Mike Ashley.
Read moreBoohoo hits back at "unfair" criticism from Frasers, quashes Ashley appointment
25th Oct 2024 07:43
(Sharecast News) - Fast fashion brand Boohoo has hit back at part-owner Frasers Group over its demands to urgently replace its outgoing chief executive with boss Mike Ashley, suggesting that any such appointment could be a conflict of interest.
Read moreFrasers urges Boohoo to replace CEO with Mike Ashley
24th Oct 2024 07:48
(Sharecast News) - High street conglomerate Frasers Group has urged part-owned fast fashion brand Boohoo to appoint retail tycoon Mike Ashley as its chief executive, the company said on Thursday.
Read moreBoohoo launches strategic review as CEO steps down
18th Oct 2024 08:40
(Sharecast News) - The boss of Boohoo Group is to step down, the struggling retailer announced on Friday, as it posted a slump in half-year sales and launched a review of the business that could potentially see it broken up.
Read moreBoohoo to shut US distribution centre
11th Sep 2024 07:42
(Sharecast News) - Boohoo Group is to cease using its US distribution centre, the fast fashion retailer confirmed on Wednesday, just a year after it first opened.
Read moreBoohoo u-turns on exec bonuses after investor outrage
28th May 2024 14:07
(Sharecast News) - Fast fashion retailer Boohoo has backtracked on a plan to seek investor approval to hand £1m each in bonuses to co-founders Mahmud Kamani and Carol Kane along with chief executive John Lyttle.
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