Boohoo shares drop 14% after revealing £35m fundraise plans

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 … Continue reading Boohoo shares drop 14% after revealing £35m fundraise plans