Norges Bank is currently the largest institutional shareholder in Boohoo, surpassing T. Rowe Price International, which has an 11.24% stake, as reported by Uk media. Other major investors include Invesco Advisers, Jupiter Asset Management and Franklin Templeton Institutions.
Co-founder Mahmud Kamani remains the largest shareholder with nearly 12.5% stake.
Norway’s central bank has nearly tripled its stake in British online fashion company Boohoo, making it the fast fashion giant’s largest institutional shareholder. Norges Bank increased its market share from 4.2% to 11.7%, according to London Stock Exchange filings. The bank first acquired a 3.1% stake in the business in December 2021.
Boohoo recently suspended sales in Russia and closed its websites in that country following the invasion of Ukraine.
Fiber2 Fashion News Desk (DS)