RE: Vote21 Nov 2024 17:07
As soon as Mr. Ashley and Mr. Lennon are appointed as directors of boohoo and have an
opportunity assess the true state of affairs, they will:
• push for total transparency. For too long, the current Board has failed to disclose to the
market and to shareholders what is really happening at boohoo;
• review boohoo’s financing arrangements to understand what the terms of boohoo’s
refinancing actually are and consider how best to improve boohoo’s financing position;
• bring to boohoo decades-long retail and logistics expertise and experience;
• lead the drive to return boohoo to profitability. Since 2016, Frasers has more than
doubled its profits and Mr. Ashley plans to bring this same success to boohoo;
• fix boohoo’s supply chain. The scandals must end once and for all and the current
Board, led by Mr. Kamani, is clearly not in a position to end these; and
• return to a winning mentality at boohoo. Mr. Ashley, Mr. Lennon and Frasers continue
to believe strongly in the potential of the boohoo business and its brands, but change at
the top is required to realise this potential.
This isnt a business plan or strategy.........