UK 00:29 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Ashley’s Frasers Group (FRAS) owns c27% of the equity in Boohoo (BOO). The Kamani family of chairman Mahmud own c20%. So if a GM is held Mahmud is going to have to get Schroders (7%) and other sub 3% IIs and private investors on board and hope that private investors, whether thirsty retail experts or otherwise, break his way. Why the hell should they after years of financial and corporate governance disasters. The letter from Frasers demanding a GM to appoint Ashley as a director and CEO and his sidekick Mike Lennon as a director is damming.
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