Boohoo Shareholders Vote to Block Mike Ashley From Joining Board

Boohoo shareholders have blocked Mike Ashley and an associate from joining its board in a blow to the Sports Direct founder’s attempt to control the struggling online fashion retailer.

Investors representing 64% of Boohoo’s stock voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group.

The chair of Boohoo, Tim Morris, said shareholders had given “a resounding vote of confidence in our board” at the meeting.

He said 99% of…