Mike Ashley, a billionaire, has increased his efforts to secure a seat on the board of Boohoo Group Plc. He criticized the fashion retailer for its lack of a clear strategy to address ongoing performance issues.

In a letter to shareholders, Ashley described recent management changes as chaotic and an attempt to hide dysfunction within the company's leadership. Ashley believes that he can revitalize Boohoo and bring fresh ideas and accountability to the board. He stressed the need for constructive support to navigate the retailer out of its decline and positioned himself as a potential catalyst for change at the London-listed company.