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Boohoo Group Plc appointed Debenhams boss Dan Finley as its new chief executive officer, rejecting billionaire Mike Ashley’s bid to lead the retailer.
The shares advanced after the British fast fashion company said on Friday that Finley will replace John Lyttle as CEO with immediate effect. Finley became CEO of Debenhams in January 2022 after more than a decade heading JD Sports.
Shares in Boohoo rose as much as 6.7 percent in London. The stock has lost 28 percent in the first 10 months of…
