Boohoo Group is set to rile up its largest shareholder Frasers Group once more as new chief executive Dan Finley is to meet with investors, not including the Sports Direct owner, this week.
Finley is understood to be meeting some of the company’s biggest shareholders over the coming days, The Times reported.
However, the meeting is not scheduled to include anyone from Frasers Group, who owns a 27% stake in the fashion giant.
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It comes amid an ongoing public feud between Boohoo Group and Frasers founder Mike Ashley, who demanded the fashion giant appoint him as CEO to address its “abysmal performance and share price collapse”.
Ashley later branded Boohoo as “desperate” after it chose to appoint Finley, who has been running Debenhams since 2022, as its next chief executive.
Boohoo, which claimed Frasers was acting with “commercial self-interest”, said last week that it “remains committed to open and transparent engagement with all its shareholders”.
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