Boohoo’s share value dented by brother’s £14.8m sell off
Shares in online fashion retailer Boohoo.com fallen 4.6% after the brother of one of its founders sold £14.8m worth of his shares.
Jalal Kamani, the 57-year-old brother of Mahmud Kamani, 53, offloaded 7.7 million shares at 191.2p each, before shares in the company fell 8.75p to 182.7p.
He held a 6.8% - or 76.5 million shares - stake the company. This has now fallen to 5.58%, or 68.8 million shares.
Boohoo co-founder Carol Kane, 51, sold £10m worth of shares in September and in June Mahmud Kamani and his siblings Rabia Kaman... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
