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Frasers calls on boohoo shareholders to remove Mahmud Kamani

21/11/24

Prolific North, 21/11/24

According to Robert O’Donoghue K.C., who Frasers employed to look into the competition argument:

“As we understand it, the basic allegation is that if Mr. Ashley were made CEO of Boohoo, competition law issues could arise due to overlapping competitive activities of the brands/businesses that Frasers owns or in which it has invested – in particular ASOS. For example, it is suggested by the Board that information acquired by Mr. Ashley in his capacity as a Boohoo director, or decisions made by him as Boohoo CEO, could lead to anticompetitive consequences vis-à-vis those other brands, in particular ASOS.

https://www.prolificnorth.co.uk/news/frasers-calls-on-boohoo-shareholders-to-remove-mahmud-kamani/