Boohoo CEO Steps Down Amid Strategic Brand Review

John Lyttle resigns as Boohoo explores potential restructuring to enhance shareholder value.

Boohoo's strategic review could lead to the sale or separation of its brands, including Debenhams and Karen Millen.
The company's shares have plummeted nearly 90% since early 2021, reflecting financial challenges.
Boohoo's latest financial results show a 15% drop in sales and a significant decline in adjusted earnings.
The retailer has secured a new £222 million debt facility to support its strategic initiatives.
Competition from fast fashion rivals like Shein has intensified, impacting Boohoo's market position.