244
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
PETER ALEXANDER
Part Time - Sales Assistant - Peter Alexander nz - Queenstown
Permanent · QUEENSTOWN
FOOT LOCKER
Sales Associate Casual
Permanent · LOWER HUTT
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
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.