Boohoo Share Discussion Threads

[factsandfigures] 28/6/2024 08:17

THE CHALLENGING TIMES CONTINUE FOR BOOHOO'S CHIEF EXECUTIVE, JOHN LYTTLE
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Loss making clothes retailer, Boohoo PLC has been the subject of intense scrutiny from regulators, from the media and from shareholders after it emerged that poor working conditions and low pay within its supply chain were the norm.

During the last 3 years, Boohoo's long suffering shareholders have seen the value of their investment collapse by over 88% not helped by the company’s struggling financial performance.

A particular bugbear for most shareholders has been the overly generous Bonus schemes for its Senior Directors — John Lyttle, Mahmud Kamani and Carol Kane.

The scale of that dissatisfaction emerged when Boohoo published the results of its A.G.M voting, which saw a sizeable protest vote against two of its resolutions.

Despite the low turnout, more than 16% of shareholders voted against the proposed re-election of Non-Executive Director Iain McDonald.

Meanwhile, nearly 15% of shareholders voted against the Directors’ Remuneration report.

This follows widespread accusations of Boardroom Greed, which saw Boohoo PLC "forced" to withdraw its proposal for a new overly generous Long Term Incentive Plan for its Senior Executives.

To add to Boohoo's woes, a multi-million pound group litigation claim has been filed against Boohoo PLC and its Directors, in which institutional shareholders are seeking huge compensation payments for losses suffered as a result of Boohoo’s alleged breaches of the Financial Services and Markets Act 2000.

[ajseabright] 28/6/2024 07:42

Goooooooood morning everyone. Hope you all have a good day!

[sellhighandbuylow] 27/6/2024 14:30

Inside the Boohoo warehouse in Burnley where workers call themselves Kamanis slaves



The Times Investigation



WATCH THIS VIDEO..

[factsandfigures] 27/6/2024 11:34

DISQUALIFICATION CRITERIA FOR BOOHOO DIRECTORS MISUSING SHAREHOLDER FUNDS.
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Under Section 172 of the Companies Act 2006, when Boohoo Directors act in their own interests and not in the best interests of Boohoo’s shareholders, this is a breach of their statutory duties.

This is automatically deemed misconduct in office, and usually leads to a Director Disqualification order.

Boohoo’s Directors are automatically viewed as “trustees and custodians” of all Boohoo shareholder funds and any misuse or misappropriation of these funds is regarded by the Courts as sufficient grounds for a Director’s Disqualification order.

In the case of Boohoo Directors using the company bank account as their own private bank account, to finance an extravagant trip to Bodrum in Turkey - this could be deemed to be the misuse of shareholder funds.

There are certainly sufficient grounds for yet another Group Litigation claim against Boohoo PLC and its Directors !!!

[millennialinvestor] 27/6/2024 11:27

They are using personal funds tesco boy. You do spout rubbish.

[factsandfigures] 27/6/2024 11:00

We all know you can't spell MILLSTONE and you never use spell checker, but presumably what you meant to post was:

"Master Kamani sh*ts on all shareholders"

[and on all Boohoo's suppliers too]

[millennialinvestor] 27/6/2024 10:01

Master kamani shines on us all.

[rivingtonstreet] 27/6/2024 08:10

Oi I know your other user name lol of GFM Griffin mining Rose-by-another-nameHa ha ha What a wet blanket you are

[throgmortonstreet] 27/6/2024 06:25

Boohoo staff hit out, as 30 Senior Execs party in Bodrum, Turkey
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A group of 30 Boohoo Senior Executives including Chairman Mahmud Kamani, Chief Executive John Lyttle, Design Director Caroline Evans plus Carol Kane, Paul Papworth, and Mark Baker all flew from Manchester to Bodrum, Turkey on Tuesday (25 June).

The timing of the trip has been criticised in the context of the group's growing financial losses.

One unnamed Boohoo employee stated: "We've just reported a £160 Million financial loss, Boohoo brands are struggling financially and Senior Management disappear to Turkey"

"Worst still, we have been told to do everything possible to try to cut costs but yet the Directors feel it is appropriate to go on a trip."

[ajseabright] 26/6/2024 23:29

Oh dear Sell.... And this explains why you're a terrible investor.... You just don't have a clue buddy.Can't wait for December when you go off on one about them having a Christmas party as well.Shame

[sellhighandbuylow] 26/6/2024 20:18

Seriously ??? Does it really require 30 (THIRTY) Boohoo Directors to visit Bodrum in Turkey at the same time, supposedly on an all expenses paid "business trip" using shareholder funds to pay for it ???



WAKE UP & GIVE YOUR HEAD A SHAKE MULTIPLE ALIAS CLOWN BOY !!

[ajseabright] 26/6/2024 20:02

Oh and of course AJnotsobright.How funny

[ajseabright] 26/6/2024 19:59

Incoming deflection and petty name calling.I am a loserI am a clownStep away from the computerlolLet's have it boys.Everyone is laughing at me remember

[sellhighandbuylow] 26/6/2024 19:22

NOT VERY BRIGHT desperate to bury all the bad news with spam messages !!!

[sellhighandbuylow] 26/6/2024 17:54

Using the same IP address and having the same location for all your LOSER NAMES



MOVE AWAY FROM THE COMPUTER, CLOWN BOY

[rivingtonstreet] 26/6/2024 17:30

I sense some jealousy ? from campSell. Sell wishes he had any money at all!Probably never been abroad or been in a plane, stuck in his flat in Jaywick

[sellhighandbuylow] 26/6/2024 17:15

Look what the AI POEM GENERATOR just produced:



Rivington Street thought he was really smart.
He's now potless and angry,
a life ripped apart.

We mock his losses, every day.
Riv's stupidity never goes away.

We laugh at him, with smirks and sneers,
As he sticks his fingers in his ears.

Ignoring the warnings cost Riv dear.
He's a Fool and an Idiot,
that's very clear.

[rivingtonstreet] 26/6/2024 17:08

In the world of fashion, a star is born, Mahmed Kamani, rising at dawn. With vision clear and a heart so bold, He turns the thread into gold.Mahmed Kamani, you light the way, Leading Boohoo to brighter days. Innovation, style, and flair, With you, success is always there.From humble beginnings, a journey begun, Creating dreams for everyone. Empowering voices, he paved the path, In the face of challenge, he laughs.Mahmed Kamani, you light the way, Leading Boohoo to brighter days. Innovation, style, and flair, With you, success is always there.In the world of fashion, a star is born, Mahmed Kamani, rising at dawn. With vision clear and a heart so bold, He turns the thread into gold.Mahmed Kamani, you light the way, Leading Boohoo to brighter days. Innovation, style, and flair, With you, success is always there.From humble beginnings, a journey begun, Creating dreams for everyone. Empowering voices, he paved the path, In the face of challenge, he laughs.Mahmed Kamani, you light the way, Leading Boohoo to brighter days. Innovation, style, and flair, With you, success is always there.In every stitch, in every seam, Lives the essence of his dream. Global reach and endless skies, Mahmed's legacy never dies.Mahmed Kamani, you light the way, Leading Boohoo to brighter days. Innovation, style, and flair, With you, success is always there.So here's to Mahmed, a name renowned, In the world of fashion, he wears the crown. With passion and drive, he sets the tone, Mahmed Kamani, you've truly shown. In every stitch, in every seam, Lives the essence of his dream. Global reach and endless skies, Mahmed's legacy never dies.Mahmed Kamani, you light the way, Leading Boohoo to brighter days. Innovation, style, and flair, With you, success is always there.So here's to Mahmed, a name renowned, In the world of fashion, he wears the crown. With passion and drive, he sets the tone, Mahmed Kamani, you've truly shown.

[dyslexicsvoices] 26/6/2024 16:56

Boohoo directors' visit to Turkey recently is part of a strategic shift towards nearshoring amid disruptions in global supply chains, particularly due to ongoing attacks on container ships in the Red Sea and Suez Canal routes. This move aims to mitigate the extended lead times and increased costs associated with shipping from Asia. By sourcing products from Turkey and other nearby countries, Boohoo seeks to enhance supply chain resilience and ensure timely delivery of goods, especially for their trend-driven, seasonal lines.It is imperative that boohoo checks for corporate governance and builds relationships with suppliers.No employees are reported to have said anything

[ajseabright] 26/6/2024 16:55

Big Mike says relax mate

[factsandfigures] 26/6/2024 16:02

THE CHALLENGING TIMES CONTINUE FOR BOOHOO'S CHIEF EXECUTIVE, JOHN LYTTLE
=========================================================================

Loss making clothes retailer, Boohoo PLC has been the subject of intense scrutiny from regulators, from the media and from shareholders after it emerged that poor working conditions and low pay within its supply chain were the norm.

During the last 3 years, Boohoo's long suffering shareholders have seen the value of their investment collapse by over 88% not helped by the company’s struggling financial performance.

A particular bugbear for most shareholders has been the overly generous Bonus schemes for its Senior Directors — John Lyttle, Mahmud Kamani and Carol Kane.

The scale of that dissatisfaction emerged when Boohoo published the results of its A.G.M voting, which saw a sizeable protest vote against two of its resolutions.

Despite the low turnout, more than 16% of shareholders voted against the proposed re-election of Non-Executive Director Iain McDonald.

Meanwhile, nearly 15% of shareholders voted against the Directors’ Remuneration report.

This follows widespread accusations of Boardroom Greed, which saw Boohoo PLC "forced" to withdraw its proposal for a new overly generous Long Term Incentive Plan for its Senior Executives.

To add to Boohoo's woes, a multi-million pound group litigation claim has been filed against Boohoo PLC and its Directors, in which institutional shareholders are seeking huge compensation payments for losses suffered as a result of Boohoo’s alleged breaches of the Financial Services and Markets Act 2000.