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boohoo group Plc ( (GB:BOO) ) has shared an update.
Boohoo Group plc announced that shareholders overwhelmingly rejected the proposal by Frasers Group plc to remove Mahmud Kamani as a director. With over 63% of votes against the resolution, the Board emphasized its commitment to creating shareholder value and urged Frasers to cease its destabilizing efforts. The outcome reflects strong support from shareholders, aligning with a previous rejection of Frasers’ attempts in December, reinforcing the Board’s mandate to focus on maximizing shareholder value.
More about boohoo group Plc
Founded in Manchester in 2006, boohoo Group is an innovative and inclusive online fashion business. The Group manages a variety of brands, including boohoo, boohooMAN, PrettyLittleThing, Karen Millen, and Debenhams, serving a broad customer base primarily in the UK and US markets. Since acquiring Debenhams in 2021, boohoo has transitioned it into a digital marketplace focusing on fashion, beauty, and home, emphasizing sustainable, profitable growth through technology and automation.
YTD Price Performance: -11.53%
Average Trading Volume: 5,639,236
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £383.2M
See more insights into BOO stock on TipRanks’ Stock Analysis page.
