86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
Published
Dec 5, 2019
Download
Download the article
Print
Text size

Boohoo founders cash in to tune of £140m on high share price

Published
Dec 5, 2019

The founders of Boohoo have pocketed £142.5 million after selling a chunk of their shares to take advantage of the company's market gains over the last year.


MissPap


Mahmud Kamani and Carol Kane have sold 50,0000 shares for 285p each via an accelerated bookbuild placing. This represented approximately 4.3% of Boohoo’s issued share capital.

The move has seen Kane’s shareholding reduced by a third to 2.7%, while Kamani’s stake has been cut to 13.1%. 

They continue to own 15.8% of the fashion group, whose brands include PrettyLittleThing, BoohooMan, Nasty Gal and MissPap.

The sell-off was managed by Zeus Capital and Jefferies, and it came days after Boohoo revealed a record Black Friday performance and a ‘strong’ operational performance across its two warehouses in Burnley and Sheffield.

Boohoo’s share price has surged by nearly 60% over the past year as management continues to build the business through acquisitions and celebrity endorsements. At current market levels, the fashion retailer has a £3.2 billion valuation.

Kamani and Kane launched the brand in 2006. Both of them continue to oversee the business, with Kamani acting as group executive chairman and Kane as an executive director.

News of the placing sent the stock down in early trading on Thursday, however the founders have assured investors they will not sell any further ordinary shares for a period of 18 months.

Copyright © 2024 FashionNetwork.com All rights reserved.