Boohoo shareholders vote to block Mike Ashley from joining board
by Sarah Butler from World news | The Guardian on (#6T2EW)
Chair hails resounding vote of confidence' as investors reject seats on the board for Sports Direct founder and associate
Boohoo shareholders have blocked Mike Ashley and an associate from joining its board in a blow to the Sports Direct founder's effort to control the struggling online fashion retailer.
Investors representing almost two-thirds of Bohoo's stock - 64% - voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley's Frasers Group.
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