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Founder’s share sale can't overshadow online fashion star’s expansionary move

Mahmud Kamani, founder and joint CEO of Boohoo.com (BOO:AIM), has sold circa £80m worth of stock in his fast-growing charge, offloading 36.6m shares at 220p-a-pop to institutions.

Selling shareholders Kamani and family members Rabia Kamani and Nurez Kamani still hold sway over 442.8m shares (38.6% of the company).

Coinciding with this news is the retailer also raising £50m through placing new shares. This money will fund a new mega warehouse to service its stellar growth rates.

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