boohoo group Plc (GB:BOO) has released an update.
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Boohoo Group plc is urging shareholders to vote against resolutions proposed by Frasers Group plc, which aims to appoint Mike Ashley and Mike Lennon as directors. The board believes these appointments could conflict with the interests of other shareholders and highlights International Shareholder Services’ recommendation to oppose the resolutions. Boohoo has taken strategic actions such as appointing a new CEO, implementing cost-saving measures, and strengthening its business model to maximize shareholder value.
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