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PRIVACY
Retail & Consumer

Boohoo director invests more than 拢300,000 in fast fashion giant

Iain McDonald also sits on the board of THG

Boohoo is headquartered in Manchester(Image: MDM)

A Boohoo director has made a further investment in the fast fashion giant worth more than £300,000.

Iain McDonald, who sits on the group's board as a non-executive director, has purchased 300,000 shares at 103.1p each.

Following the move, Mr McDonald holds a total of 721,336 shares in the Manchester-headquartered company, representing a stake of approximately 0.056%.

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Mr McDonald has been a non-executive director of Boohoo since June 2017 and also currently sits on the board of THG.

He is the founder of Belerion Capital which has previously invested in the likes of AO and Asos.

Mr McDonald is also the non-executive chairman of CentralNic.

The purchase comes after one of Boohoo's largest shareholders slashed its stake earlier this month by more than half.