Boohoo Sidesteps Frasers Over New Management Incentive Plan

British fast-fashion retailer Boohoo Group Plc will bypass major shareholder Frasers Group Plc on a new management incentive plan, as it pushes ahead with its turnaround efforts.

The group behind Debenhams.com and Boohoo.com said that while sidestepping a key shareholder on a pay plan runs against usual corporate-governance practice, the decision was justified because Frasers has repeatedly sought to disrupt the company’s strategy and future success.