Tag #Mike Ashley

Will Mike Ashley's failed attempt to gain control of Boohoo impact the company's turnaround strategy and future financial performance?

Institutional Shareholder Services (ISS) recommended that Boohoo investors vote against Mike Ashley joining the board, rejecting Ashley's bid to become chief executive and potentially oust Boohoo's founder. This decision follows Ashley's 28% stake acquisition and his accusations of "catastrophic mess" and "egotistical" management by Boohoo's board. The rejection safeguards Boohoo's turnaround efforts.