Retail tycoon Mike Ashley has launched a fresh attack against Boohoo’s beleaguered management ahead of a crunch meeting later this month.
Ashley, who wants Boohoo shareholders to give him a seat on the board, blasted its bosses in an open letter yesterday, accusing them of ‘panic-driven mismanagement’ which was ‘obliterating shareholder value and jeopardising the company’s future.’
He also warned against a ‘fire sale’ of assets
Boohoo said Ashley was ‘seeking a board seat for his own interests’ and that its management ‘is focused on maximising value for all shareholders’.
Stepping out: Model, social media influencer and reality television contestant Molly Smith wearing Boohoo
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
