The cofounders behind the UK's hottest fast-fashion retailer Boohoo sold a $186 million stake in the company

Carol Kane & Mahmud Kamani Boohoo

Boohoo cofounders Mahmud Kamani and Carol Kane sold shares in their fast-fashion empire worth $186 million (£142.5 million), according to a regulatory filing on Thursday.
Boohoo is the UK's fast-growing fast-fashion retailer that was set up by the duo in 2006.
The company has been growing at a rapid pace and is now valued at more than $3.8 billion.
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The co-founders of fast-growing British online fashion retailer Boohoo, Mahmud Kamani and Carol Kane, have sold shares in the group worth £142.5 million ($186 million), according to a regulatory filing on Thursday.

Kamani and Kane, who founded the group in Manchester, northern England, in 2006, between them sold 4.3% of Boohoo's equity through a placing to institutional investors, reducing their combined holding to 15.8%.

See the rest of the story at Business Insider

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