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The Latest Breaking News from Mahmud Kamani

Shares rise as traders try to interpret Trump policies

Stock markets on both sides of the Atlantic rose on Tuesday after the inauguration the day before.

Evening Standard

Boohoo investors reject bid from Frasers to remove co-founder

The online fast fashion firm said 63% of investor votes cast were made against a motion by Frasers to remove co-founder Mahmud Kamani.

Evening Standard

Boohoo accuses Frasers of bid to ‘destabilise’ firm at second investor vote

Frasers has called for Mahmud Kamani to be axed from Boohoo’s board at a general meeting set for January 21.

Evening Standard

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Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

The Guardian - UK

Boohoo says Frasers Group can have seat on board – but not Mike Ashley

Boohoo chair Tim Morris said Mr Ashley is ‘not appropriate’ for a board seat because of ‘obvious conflict points’.

Evening Standard

Mike Ashley has the right critique of Boohoo. But he doesn’t belong on its board

The online retailer needs a shake-up – but the Sports Direct supremo is far from an unconflicted party

The Guardian - UK

Boohoo wins influential adviser’s support in battle with Mike Ashley

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

The Guardian - UK

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Police investigate claims that Boohoo bosses were stalked – reports

The claims come amid an escalating boardroom row between Boohoo and Mike Ashley’s Frasers Group, which holds a 28% stake in the fast fashion firm.

Evening Standard

Mike Ashley’s Frasers urges Boohoo to oust co-founder Kamani

Frasers, which is Boohoo’s largest shareholder, said Mr Kamani ‘must go’ after overseeing a sharp plunge in its shares over the past three years.

The Independent UK

Boohoo was already a governance mess. Enter Mike Ashley for extra complexity

Frasers wants its founder to be boss of the ailing fashion retailer. But Ashley isn’t ruling out being a bidder himself in any potential break-up

The Guardian - UK

The mystery of the ‘vanishing’ diamond dealer: fury in the City after multimillion collapse of Vashi

Vashi Domínguez left a trail of financial wreckage and enraged investors in his wake after his London jewellery firm crashed – and now no one can find him

The Guardian - UK

Boohoo backtracks on plan to pay bosses £1m bonuses

Shareholders complained about payouts amid missed bonus targets on sales, profits and IT aims

The Guardian - UK

Loss-making U.K. retailer Boohoo wants to reward its top team with millions in bonuses—and its shareholders aren't happy

“The market is unimpressed with paying executives £1 million packages when the performance of the company has been woeful,” one expert said.

Fortune

Boohoo boss takes home £650,000 bonus despite fast-fashion giant making over £90m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Manchester Evening News

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The Guardian - UK

Boohoo founders get hefty bonuses despite missing sales and profit targets

Carol Kane and Mahmud Kamani paid about £1m each after bonuses equivalent to annual basic salary

Birmingham Post

Boohoo CEO handed £650,000 bonus despite fashion giant making almost £91m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Manchester Evening News

Company behind 'Tinder-style' property app run by PrettyLittleThing founder owed almost £3m before collapse

Adam Kamani set up PrettyLittleThing in 2012 with his brother Umar before Boohoo bought a majority stake in 2017

Birmingham Post

Company behind 'property dating' app run by PrettyLittleThing's Adam Kamani owed almost £3m as it entered liquidation

The business was set up in February 2017 and is based in Little Peter Street, Manchester

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The Independent UK

Empty plot of sand on luxury Dubai island sells for $34m

Former owner purchased plot of land for nearly $10m two years ago

Fortune

An empty plot of sand in Dubai just sold for $34 million

Its former owner, British fashion entrepreneur Umar Kamani, made a 242% profit in two years—though he never built anything on it.

Daily Mirror

Inside PrettyLittleThing dynasty, mind-blowing gifts and celeb pals as founder steps down

PrettyLittleThing founder Umar Kamani has announced he's stepping down as the CEO of the fashion brand after 12 years at the helm in order to pursue 'new challenges and goals'

Manchester Evening News

PrettyLittleThing founder Umar Kamani stepping down as CEO after 12 years running global fashion empire

The businessman shared a statement on social media that outlined his hopes to 'build new brands' in the future

The Guardian - UK

Boohoo boss could be in line for £50m bonus

Online retailer raises incentives for senior management after slump in share price and slow Christmas sales

Birmingham Post

Boohoo's Mahmud Kamani becomes director of seven businesses run by son who co-founded PrettyLittleThing

Mahmud Kamani stepped down as a director of LadBible at the end of 2021 as it prepared to become a public company

Manchester Evening News

I Saw It First was bought for only £1 by Mike Ashley's empire as debts reached £13m

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani.

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