British retail tycoon Mike Ashley has failed in his attempt to be appointed to the board of Boohoo after shareholders in the struggling online fast-fashion group voted against the move.

British online fashion retailer boohoo announced in a statement released on Friday 13 December 2024 that Frasers' request for board representation at the company was a direct response to voting guidance issued by independent proxy advisors Glass Lewis and ISS advocating for a "against" vote on the resolutions at Boohoo's upcoming general meeting.

Shareholders of Boohoo Group have voted against the appointment of Frasers Group founder Mike Ashley and its proposed director, Mike Lennon, to the

British online fashion retailer Boohoo said on Friday it was willing to offer its largest shareholder Frasers one board seat if it put forward an "appropriate candidate" other than current nominees Mike Ashley and Mike Lennon.

Derbyshire-based Frasers, which includes the Sports Direct brand and is the biggest boohoo stakeholder with a 28.1% shareholding, wanted to unseat boohoo co-founder and executive chairman, Mahmud Kamani, and install Mike Ashley and Mike Lennon on the board.

Boohoo Group Plc shareholders rejected billionaire Mike Ashley’s bid for board representation at the online fashion retailer after weeks of public fighting.

Frasers Group's attempts to put Mike Ashley on the board of struggling online retailer Boohoo have resoundingly failed.

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle - Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.