Revolution Beauty defends counter-revolution after Boohoo’s shareholder revolt Revolution Revolution Beauty defended the unusual actions it took at its AGM this week, after it reinstated three members of its executive team who had been voted out by shareholders. The beauty company said its actions had been “firmly validated” by the stock market response, with its shares rising yesterday. Without taking the action it did, [...]
Boohoo shareholders ‘furious’ at ‘outrageous’ boss bonuses Retail Shareholders at Boohoo Group will reportedly revolt over a decision to hand top bosses one million pound bonuses, despite the company reporting a £160m loss.
Boohoo struggles continue with earnings and sales down – and losses mounting Boohoo The company said its annual core earnings fell by seven per cent, revenue fell by 17 per cent, and the total value of goods sold fell by 13 per cent, after a tumultuous year in which it made multiple acquisitions.
Mike Ashley’s Frasers Group further ups Boohoo stake February 7, 2024 Mike Ashley's Frasers Group has furthered strengthened its position as the largest single shareholder in Boohoo.
Frasers snaps up stakes in Boohoo and Currys June 20, 2023 The company behind Sports Direct has said that it hopes a new stake in Boohoo can lead to collaborations between the fashion brand and Missguided. Frasers Group said that its new holding in its fellow listed company would allow it to find synergies and make its own brands stronger. The business, majority owned by Mike [...]
Boohoo hit with investor lawsuit over alleged mistreatment of Leicester workers June 5, 2024 Fast-fashion giant Boohoo has been hit with an investor lawsuit in the UK after reports alleging its suppliers were mistreating workers caused its share price to plummet in 2020.
Boohoo parachutes in ex-Betfair and Zoopla CFO after incumbent quits January 23, 2024 Embattled fashion brand Boohoo has drafted in a new chief financial officer, formerly of Betfair and Boohoo, after the incumbent quit with immediate effect this morning.
Boohoo: ‘Human error’ blamed as clothes wrongly labelled ‘made in UK’ January 11, 2024 Boohoo put ‘Made in the UK’ labels on clothing items that were actually manufactured in South Asia.
Boohoo abandons £1m bonuses for top execs after shareholder backlash May 28, 2024 The top bosses at fast fashion giant Boohoo will now not receive bonuses of £1m after shareholders reacted angrily to the plans.
Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges