Mike makes a move | Bloomsbury blooms | Grape expectations
Sports Direct founder Mike Ashley has decided to return to the hot seat, suggesting he is appointed CEO of boohoo. Given the lacklustre performance of the online fast-fashion retailer over recent years, we would be inclined to embrace Mike’s involvement! Elsewhere, it’s a different story at a small cap publisher, which goes from strength to strength and has delivered fantastic returns to shareholders. The world of wine production presents a far more complex picture for investors, as we also reflect on here, while one of our Bonkers Bargain opportunities is a far easier proposition.
Episode 37 of the Investor’s Champion PodcastIn this episode of the Investors Champion Podcast, hosts Lee and Chris delve into the world of big dividend-paying companies on the UK stock market. Listen here. Onto our assessment of the latest news….. Boohoo: Mike makes a moveMike Ashley’s Frasers Group (FRAS), which holds a 27% stake in boohoo Group (AIM: BOO), has requisitioned an extraordinary general meeting of the Company. The requisition proposes to appoint Mr Ashley and Mike Lennon as directors of boohoo and to remove John Lyttle as a director. Mr Lyttle, current CEO of boohoo, had already announced his…