Boohoo appoints a new chairman.

Boohoo, a British online fast fashion retailer, has appointed Tim Morris as the new independent Chairman, shifting Co-Founder Mahmud Kamani to the role of Executive Vice Chair. This change comes amidst pressure from major shareholder Frasers Group to remove Kamani completely. The company has divided Kamani's roles to have an independent Chair and allow him to focus on his executive responsibilities. Frasers Group, holding a 28 percent stake in Boohoo, has called for shareholder meetings to remove Kamani and appoint its own directors, leading to a dispute over the retailer's management and financial decisions. [Extracted from the article]