An attempted boardroom coup at Boohoo has made headlines this week. Boohoo has been thrust into the corporate spotlight following a high-profile demand from Mike Ashley, the founder of Frasers Group, who has openly expressed his desire to be appointed as CEO. Ashley's request comes amid his claims of a 'leadership crisis' at Boohoo, which he attributes to the retailer's alleged incompetence. This demand was articulated in an open letter that has stirred significant interest in the retail sector. In its response, Boohoo has underscored its concerns regarding governance should Ashley be involved in the board. The company highlights that Ashley holds a 73% stake in Frasers and a 23.6% stake in Asos, both of which are key players in markets similar to Boohoo's. The fast fashion retailer emphasises that these facts must be carefully considered by the board before any decisions about Ashley's potential involvement are made.