Boohoo and Frasers Group Clash Over CEO

Boohoo's decision to exclude Frasers Group from key investor meetings has escalated tensions with its largest shareholder, Mike Ashley, who holds a 27% stake in the company. New CEO Dan Finley is set to meet with major shareholders this week, but Frasers has not been invited, leading to accusations of insincere communication from Boohoo. Frasers claims it has made multiple requests for a meeting, which have been ignored, and accuses Boohoo of prioritizing its own interests over those of its shareholders. The dispute stems from Ashley's push to become CEO amid concerns over Boohoo’s declining performance and market value. In response to Frasers' influence, Boohoo has asked for commitments to avoid conflicts of interest, given Frasers' stakes in competing brands. Both sides remain skeptical of each other's motives, with Boohoo asserting its commitment to transparency while Frasers seeks to protect its investment.