Mahmud Kamani news and archive

Boohoo co-founder likely knew of ‘unsafe conditions’ at Leicester factories, lawsuit claims

New claims made against Mahmud Kamani have suggested that the Boohoo co-founder likely knew about the “unsafe and unsanitary conditions” of Leicester factories associated with the fast fashion brand before the issue became public knowledge. The allegations come as part of a 177 million pound lawsuit brought forth by shareholders of the group,...

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Tensions heighten: Frasers demands investigation into Boohoo’s Kamani amid loan scandal

Frasers Group has demanded an investigation and suspension of Mahmud Kamani, the executive vice chair of Debenhams Group, after he was accused of making loans to suppliers. The retail group, owned by Mike Ashley, issued an open letter to Debenhams following the publication of an article by the Telegraph last week that suggested Kamani, founder...

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Boohoo appoints Tim Morris as independent chair

Boohoo Group has announced the appointment of Tim Morris as the company’s independent chair with immediate effect. The company said in a statement that the appointment follows a series of decisive steps taken by the board since announcing its business review, including the completion of the refinancing, the appointment of Dan Finley as CEO and...

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Boohoo acquires majority stake in PrettyLittleThing for 3.3 million pounds

London - Boohoo has bit the bullet and acquired 21 Three Clothing Company, parent company of fast-fashion label PrettyLittleThing (PLT), for 3.3 million pounds. The announcement comes as the Manchester-based retailer raises its outlook for FY17, as Boohoo expects to achieve revenue growth between 38 percent and 42 percent in its upcoming fiscal...

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Boohoo.com to extend head office

Online fashion retailer Boohoo.com is set to extend its head office, after agreeing to acquire a property on China Lane in Manchester for 1.6 million pounds. The property, located close to the retailer's headquarters at Dale Street, Manchester, is being sold by Jogo Associates Limited Pension Scheme, of which Mahmud Kamani, boohoo’s Joint chief...