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Retail tycoon Mike Ashley has launched a fresh attack on Boohoo’s embattled management ahead of a crucial meeting later this month.
Ashley, who wants Boohoo shareholders to give her a seat on the board, criticized her bosses in an open letter yesterday, accusing them of “panic-driven mismanagement” that was “erasing shareholder value and jeopardizing jeopardize the future of the company.
He also warned against a “fire sale” of assets.
Boohoo said Ashley was “seeking a board position in her own interests” and that her management “is focused on maximizing value for all shareholders.”
Coming out: Model, social media influencer and reality TV contestant Molly Smith wearing Boohoo
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