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Unhappy: Mike Ashley has described fast fashion group Boohoo as ‘desperate’
Mike Ashley described fast fashion group Boohoo as “desperate” after it appointed an insider as chief executive instead of him.
Ashley, whose Frasers retail empire is Boohoo’s biggest shareholder, with a 27 per cent stake, wanted to succeed John Lyttle as boss.
But Boohoo on Friday named Dan Finley, head of its Debenhams subsidiary, as its next chief executive, in a snub to the tycoon.
He defended the decision, agreed upon unanimously by the board, saying Finley was “the obvious internal candidate” for the position.
But in an email to the Sunday Times, Ashley said: “Independent shareholders be warned, desperate people do desperate things.”
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