Boohoo was founded in 2006 in order to compete with other high street retailers and the fashion retailer has gone from strength to strength. Boohoo’s share price hit a record high of 315.5p last week, Mahmud and Carol’s shares were placed at 285p and sold to investors.
Kamani and Kane have citied ‘personal financial planning’ behind the reason for selling their shares in the company. They both still own a stake in the business though, Kamani now holds 13.1 per cent and Kane holds 2.7 per cent. Both have agreed not to sell any more shares for 18 months without first seeking permission from the firm.
