Frasers Group Challenges Boohoo's Leadership and Asset Plans

Frasers Group demands shareholder approval for asset disposals and criticizes Boohoo's new CEO appointment.

Boohoo has appointed Dan Finley as its new CEO, replacing John Lyttle, amidst Frasers Group's calls for Mike Ashley's leadership.
Frasers Group, holding a 27% stake in Boohoo, demands a shareholder veto on asset disposals to protect stakeholders' interests.
Frasers criticizes Boohoo's board for a lack of engagement and rushed decisions, including a refinancing deal and CEO appointment.
Boohoo's board raises governance concerns about Ashley's involvement due to his stake in competitor Asos.
Frasers has launched a campaign to highlight what it sees as Boohoo's leadership crisis, urging a change in direction.