Frasers Group Plc, led by its billionaire CEO Mike Ashley, has called for the removal of Mahmud Kamani, who is a co-founder and director of Boohoo Group Plc.

Frasers has accused Kamani of being responsible for a significant decline in Boohoo's share price and overall value. They have cited a "multi-year share price collapse" and a history of governance failures as evidence.

Frasers has expressed concerns about what they describe as a lack of accountability and oversight within Boohoo's leadership, referring to it as a "back pocket" board.

This public dispute between the two retail figures represents a notable escalation in their ongoing rivalry, as Frasers aims to influence Boohoo's corporate governance and strategic direction.