Major investor of fast fashion giant Boohoo sells half its shares
One of the largest investors in fast fashion giant Boohoo has slashed its stake.
Rowe Price International now has a holding of just under 5% in the Manchester-headquartered group, down from 9.7%.
The firm had been the largest institutional investor in Boohoo and its second overall, behind co-founder Mahmud Kamani.
Other mayor investors in Boohoo include Norges Bank Investment Management, Invesco Advisers, Inc and Jupiter Asset Management Ltd.
Shares in Boohoo are worth significantly less than they were this time last year. They were changing hands for around 264p each 12 months ago but are currently down at 66p.