Frasers Group (GB:FRAS) has released an update.
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Frasers Group, the largest shareholder in boohoo with a 27% stake, has proposed a leadership overhaul to address the company’s ongoing crisis. The group is calling for a general meeting to appoint Mike Ashley as the new CEO and Mike Lennon as a director, arguing that these changes are essential for steering boohoo towards a more prosperous future. Frasers is urging fellow shareholders to support this strategic move, highlighting their commitment to maximizing value for all stakeholders.
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