Boohoo has rebutted Frasers Group's criticism of its management, arguing that their assessment of its financial strategy is both unfair and inaccurate. The firm contended that they had discussed refinancing options with Frasers previously, but the group failed to produce alternative proposals despite Boohoo’s requests.
Frasers Group, led by Mike Ashley, claims Boohoo's board has lost its management capabilities and expressed that their debt refinancing strategy is inadequate. They suggested that without a leadership change, shareholders would face severe negative outcomes.
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