Boohoo yesterday published the recommendation of Institutional Shareholder Services (ISS) that investors vote against Ashley and another associate joining its board at a meeting on 20 December.
Ashley had sought to become chief executive of Boohoo, but was blocked by the firm from putting that proposal to shareholders. He now says he will "work collaboratively" with the boss, Dan Finley, if he wins a board post and convene a further meeting to oust Boohoo's founder and executive vice-chair, Mahmud Kamani.
Ashley has made Boohoo the latest in a long line of targets for his corporate empire. He made his fortune with Sports Direct, but has expanded into a string of acquisitions of clothing retailers, ranging from House of Fraser to Flannels and Evans Cycles, under the London-listed Frasers Group.
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