Boohoo boss to step down as retailer launches brand review that could spark breakup

John Lyttle will stay as CEO of fashion group, which includes Debenhams and Karen Millen, until successor found

Boohoo's chief executive is stepping down as the online fashion retailer launches a strategic review of its brands, which include Debenhams, Karen Millen and PrettyLittleThing, that could result in a breakup of the company.

Shares in Boohoo fell 7% on Friday as investors reacted to news of the surprise departure of John Lyttle, who joined from Primark in 2019 and has agreed to remain in post until a successor is found.