UK's Boohoo seeks to limit Frasers' influence as it questions investor
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
0mins
Source: Yahoo Finance
Boohoo's Concerns Over Frasers' Influence: Boohoo has raised concerns about Frasers' significant shareholding (27%) and its potential influence on the company, especially regarding asset sales and board representation, following a strategic review initiated by Boohoo.
Commitments Requested from Frasers: Boohoo is seeking assurances from Frasers to limit its control and involvement in commercial decisions at rival companies, while also confirming that major shareholder Mahmud Kamani has no intention of making an offer for Boohoo.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
