Mike Ashley launches recent assault towards Boohoo’s administration
Retail tycoon Mike Ashley has launched a fresh attack against Boohoo’s beleaguered management ahead of a crunch meeting later this month.
Ashley, who wants Boohoo shareholders to give him a seat on the board, blasted its bosses in an open letter yesterday, accusing them of ‘panic-driven mismanagement’ which was ‘obliterating shareholder value and jeopardising the company’s future.’
He also warned against a ‘fire sale’ of assets
Boohoo said Ashley was ‘seeking a board seat for his own interests’ and that its management ‘is focused on maximising value for all shareholders’.
Stepping out: Model, social media influencer and reality television contestant Molly Smith wearing Boohoo
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