{"id":163164,"date":"2020-10-22T08:57:58","date_gmt":"2020-10-22T08:57:58","guid":{"rendered":"https:\/\/www.theindustry.fashion\/broker-calls-for-independent-chairman-at-boohoo\/"},"modified":"2021-08-06T12:08:42","modified_gmt":"2021-08-06T12:08:42","slug":"broker-calls-for-independent-chairman-at-boohoo","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/broker-calls-for-independent-chairman-at-boohoo\/","title":{"rendered":"Broker calls for independent chairman at Boohoo"},"content":{"rendered":"
An independent chairman at Boohoo would be \"a major part of the group\u2019s rehabilitation in the eyes of investors<\/strong> and other stakeholders\" leading broker Peel Hunt has said.<\/p>\n <\/p>\n The Manchester-based fast fashion group, which is listed on AIM,<\/strong> has been embroiled in controversy this year surrounding the treatment of staff in its supply chain (particularly in factories that serve it in Leicester) and its approach to corporate governance.<\/p>\n Co-founder of the business, Mahmud Kamani, is the executive chairman of the Boohoo, <\/strong>having previously been joint-CEO with co-founder Carol Kane. The pair founded the business in 2006 and it was floated in 2014.<\/p>\n In March 2019, former Primark COO John Lyttle was appointed as CEO<\/strong> and its former independent chairman Peter Williams (now at Superdry) stood down.<\/p>\n