Boohoo repays £50m of term loan as stakeholders back recovery efforts

By Yahoo! Finance   |   1 year ago
Boohoo repays £50m of term loan as stakeholders back recovery efforts

Boohoo repaid £50m of a £97m loan, aiming to reduce debt and stock levels, enhancing shareholder value. Co-founder Carol Kane increased her stake, while Mahmud Kamani invested £15.3m to support recovery efforts amidst tough competition in the fashion industry.

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