Published: February 18, 2026 at 8:19 am
Shares in Boohoo Group dropped 14 per cent yesterday after plans were announced for a £35m equity fundraise as it continues its turnaround strategy.
Founder Mahmud Kamani, group CEO Dan Finley and non-executive director Iain McDonald all intend to participate in Debenhams Group’s planned fundraise at an issue price of 20p per ordinary share of £0.01 each in the company.
In an update, the company said it had already received strong support for its plans from directors and shareholders in excess of £24m.
The firm said its turnaround plan was ‘going apace’ but Boohoo Group’s share price tumbled 14 per cent on Tuesday following the announcement.
Online retail giant Boohoo Group rebranded as Debenhams Group in 2025 and its brands include Debenhams, Karen Millen, boohoo, MAN and PLT.
Debenhams Group outlined its plans for the £35m fundraise in a statement to the London Stock Exchange on Tuesday morning in ‘response to speculation’.