Mike Ashley pledges ‘fresh ideas’ in bid for Boohoo board seat Business Frasers Group chief Mike Ashley has renewed his criticism of Boohoo’s management as he continues his bid for a seat on the struggling fashion retailer’s board. In an open letter, Ashley vowed to turn around the London-listed company, arguing that it was underperforming with “no clear strategy to halt the decline”. “As a board member, [...]
Boohoo: Prettylittlething crashes into the red as Mike Ashley battle continues Retail Fresh light has been shone on Boohoo’s financial struggles amid its ongoing battle with billionaire Mike Ashley. The financial performance of some of the Manchester-headquartered group’s most well-known brands have been revealed including Prettylittlething crashing into the red and sales being slashed at Nastygal. While Boohoo reports its group results to the London Stock Exchange, [...]
Boohoo urges shareholders to reject Mike Ashley’s demands Retail Boohoo has urged its shareholders to reject Mike Ashley’s demand to be placed in charge of the struggling fast fashion group, saying that that Ashley is “not suitable” and subject to conflicts of interest due to his role at Frasers. Boohoo and Frasers have been engaged in a public disagreement over how to take the [...]
Festive advertising set to reach record high this Christmas November 7, 2024 Corporate spending on advertising is set to reach a record high this Christmas as brands look to cash in on consumers’ appetite for festive storytelling. Companies are set to spend a record £10.5bn in the UK on advertising over the Christmas season, according to industry trade body the Advertising Association and data provider WARC. Many [...]
Boohoo struggles continue with earnings and sales down – and losses mounting May 8, 2024 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.
Debenhams slashes losses as sales jump by over £30m February 12, 2024 Debenhams slashed its losses thanks to a surge in its sales by more than £30m, new accounts have revealed.
The House of Boohoo: Impact of PrettyLittleThing and others on fast-fashion giant’s mounting losses revealed January 27, 2024 Boohoo is never far from the headlines - but the firm's endgame isn't quite as easy to find