Boohoo shares rise 12% after co-founders pump £15m into company

Mahmud Kamani and Carol Kane buy millions of shares in effort to rebuild confidence in businessThe co-founders of Boohoo have bought another £15m of shares in the troubled online fashion business, helping to drive the share price 12% higher on Thursday.Mahmud Kamani pumped £10.7m into 5m shares in the company while Carol Kane spent £4.3m on the stock on Thursday in an effort to rebuild confidence in Boohoo, which has been hit by allegations of malpractice in its supply chain. Continue reading... https://www.theguardian.com/business/2020/jul/16/boohoo-shares-rise-12-after-co-founders-pump-15m-into-company #boohoo #retail_industry #fashion_industry #business #uk_news