Boohoo shares soar as fast fashion firm targets rapid growth

Friday 9th June 2017

Shares in fast fashion firm Boohoo have jumped more than 8% after the Aim-listed company completed a £50m fundraising and said more takeovers could be on the cards.

The Manchester-based company, co-founded and run by Mahmud Kamani and Carol Kane, said it would use the cash raised to help fund a £150m new “super-site” warehouse in Burnley as part of its expansion plans.

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