Fashion

Norwegian Central Bank Second largest investor in UK fashion house Boohoo


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 raised its stake in the company from 4.2 per cent to 11.7%, according to filings with the London Stock Exchange. The bank first acquired a 3.1% stake in the business in December 2021.

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)





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