Mike Ashley's retail empire has become Boohoo's largest shareholder. Frasers Group is also the largest single shareholder in Greater Manchester companies AO and N Brown
Mike Ashley's retail empire has become the largest single shareholder in Manchester-headquartered fashion giant Boohoo.
Other major shareholders in Boohoo include Norges Bank, Camelot Capital Partners, Ocorain and Jupiter Asset Management. The group has been a public company since floating on the London Stock Exchange in March 2014. In a statement issued to the London Stock Exchange, the group has also identified more than £125m of annualised savings across the costs of goods, its supply chain and overheads. The group added that it now expects its full-year revenue to fall between 12% and 17%. Following the half-year results, analysts slashed the target price of Boohoo's shares by almost half.
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