Published: February 19, 2026 at 9:58 am
Boohoo co-founder Mahmud Kamani has invested £8m as part of Debenhams Group’s latest £40m fundraise.
Earlier this week, Debenhams Group outlined its plans for the £35m fundraise in a statement to the London Stock Exchange – triggering a 14 per cent drop in Boohoo Group’s share price.
In a positive update this morning, the company said following ‘investor demand significantly in excess of £35m’ it had upscaled the fundraise c.£40m.
As part of the fundraise, it has been revealed Kamani invested £8m together with his close relatives and related trusts to acquire 44m shares.
Outgoing non-executive director Iain McDonald invested £3m in return for 16.6m shares while group CEO Dan Finley invested £150,000 for 833,333 shares.
Frasers Group acquired nearly 60m shares and remains the company’s biggest shareholder.
Online retail giant Boohoo Group rebranded as Debenhams Group in 2025 and its brands include Debenhams, Karen Millen, boohoo, MAN and PLT.
Following the successful completion of the fundraise, Iain McDonald informed the company he would be stepping down as non-executive director and chair of the renumeration committee with immediate effect.