Boohoo hits back at Frasers after bid to install Mike Ashley as chief Business Boohoo has hit back at Mike Ashley’s Frasers Group after the retailer sent out an open letter yesterday vowing to install him as its new chief. The fast-fashion giant said it was making the announcement to issue “clarification” on matters raised by Frasers yesterday, including accusations of “long-term mismanagement” which has led to “value destruction“. [...]
Revolution Beauty back in the black despite weak online sales Retail Cosmetics brand Revolution Beauty has clawed its way out of the red as high sales in the rest of the world help offset its poor performance in the US.
Boohoo abandons £1m bonuses for top execs after shareholder backlash Retail The top bosses at fast fashion giant Boohoo will now not receive bonuses of £1m after shareholders reacted angrily to the plans.
Boohoo hands top bosses bumper bonuses despite losses nearing £160m May 23, 2024 The co-founders and chief executive of Boohoo received a £1m bonus despite the fast fashion giant's losses swelling to almost £160m during its latest financial year.
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.
Mike Ashley’s Frasers Group launches fresh £80m share buyback scheme April 29, 2024 Back in February, sporting giant Frasers Group announced a similar buyback scheme which ran for 11 weeks and ended on Sunday the 28th of April.
Pretty Little Thing founders venture into the world of luxury interior design April 24, 2024 Adam Kamani and Umar Kamani, the Manchester brothers who founded fast-fashion brand Pretty Little Thing are venturing into the world of luxury interior design.
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.
Revolution Beauty targets £1bn sales, leaving string of scandals behind February 8, 2024 Lauren Brindley, Revolution Beauty's newly appointed chief and former Boots executive, is set to inform investors about its business strategy at a capital markets event taking place today.
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.