Boohoo hits back at Frasers over Mike Ashley’s attempted boardroom takeover - Frasers had previously sounded the alarm over what it said was a ‘leadership crisis’ at Boohoo, and sought to install Mr Ashley as chief executive.

Boohoo has hit back at Mike Ashley’s Frasers Group after the retailer sent out an open letter yesterday vowing to install him as its new chief. The fast-fashion giant said it was making the announcement to issue “clarification” on matters raised by Frasers yesterday,

Mike Ashley has asked fast-fashion brand Boohoo Group Plc to appoint him as CEO, in the British billionaire’s latest confrontation with a struggling retailer.