Frasers threatens legal action as Boohoo spat turns nasty
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Frasers Group is considering legal action after Boohoo appointed an internal candidate as CEO, bypassing Frasers' preference for Mike Ashley.
November 06, 2024 | 2:00 pm
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Boohoo appointed an internal candidate as CEO, ignoring Frasers Group's preference for Mike Ashley, leading to potential legal action.
The potential legal action from a major shareholder like Frasers Group could create uncertainty and negatively impact Boohoo's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80