Boohoo faces serious allegations as the Met Police investigates claims of stalking and espionage against its executives.
- Security firm Control Risks found evidence of extensive surveillance on Boohoo’s executives.
- The Met Police has broadened its inquiry into the case, joining forces with Manchester and Kent police.
- Unregistered surveillance equipment allegedly linked to the case was discovered at Boohoo’s Manchester office.
- Tensions arise as these allegations coincide with leadership disputes at Boohoo involving major shareholder Frasers Group.
The ongoing investigation into Boohoo has intensified with the Metropolitan Police joining efforts alongside other regional forces. This probe centres around allegations of stalking and surveillance on current and former executives, as revealed by Control Risks, a security consultancy firm engaged by Boohoo. The investigation spans multiple locations within England, focusing particularly on accusations of hostile surveillance activities directed at senior figures like former CEO John Lyttle and co-founder Mahmud Kamani.
The Met Police is examining reports that an unidentified individual followed a man across different locations, including London, between 8 July and 15 August. These activities reportedly involve operatives monitoring Boohoo executives using public transportation, near their residences, and outside the retailer’s headquarters in Manchester. Evidence, including unregistered surveillance devices found near the company’s offices, has been forwarded to the authorities for further examination.
The resignation of John Lyttle in October, after five years as Boohoo’s CEO, is reportedly linked to these troubling incidents, alongside recent trespassing events at his property. Additionally, Kamani has reportedly faced physical assault. The tension surrounding these allegations is further amplified by internal strife at Boohoo, highlighted by a significant shareholder, Frasers Group, advocating for new leadership at the retailer.
Frasers Group, which holds a 28% stake in Boohoo, has been vocal about what it perceives as a leadership vacuum, pushing for Mike Ashley to be appointed as CEO and suggesting the inclusion of Mike Lennon, a restructuring expert, on the board. The group’s CEO, Michael Murray, has refrained from commenting on the ongoing investigations, reflecting a cautious approach amidst the developing scenario.
Control Risks has remained silent on its involvement, adding to the complexity of the situation. The unfolding events not only pose challenges to Boohoo’s operational stability but also coincide with critical decisions regarding its leadership and strategic direction. These developments continue to capture the attention of the business community as they await further outcomes from the ongoing investigations.
The investigation into Boohoo highlights complex challenges for the fashion retailer amid serious claims and internal tensions.
