In his latest moves against Mahmud Kamani and his £390m-capitalised boohoo Group (LON:BOO) business, Mike Ashley and his 73% owned £3.37bn valued Frasers Group (LON:FRAS) have taken off the gloves and ready to start getting stuck in for a fight.
By way of a Shareholders Meeting, Ashley is demanding that Kamani be removed from the online group’s Board and that Mike Lennon and himself are elected as Directors, representing Frasers Group’s near 28% equity stake.
Kamani is said to have 12.8% of his group’s shares, while his family and friends have another 11%.
Late last...
