Global investment giant JP Morgan has become the second largest shareholder in Boohoo.
The company has snapped up a 5.1% stake in the Manchester-headquartered fashion group, according to newly-filed documents with the London Stock Exchange.
The move means it is now the largest institutional investor in the group.
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Boohoo's largest single shareholder remains co-founder Mahmud Kamani.
T. Rowe Price International is now the third largest investor, having slashed its stake from 9.7% to 5% in August.
Other mayor investors in Boohoo include Norges Bank Investment Management, Invesco Advisers, Inc and Jupiter Asset Management Ltd.
The move comes after higher returns and cost-of-living pressures on customer spending led to Boohoo falling to a loss and its sales slumping during the first half of its financial year.
The group made a pre-tax loss of £15.2m for the six months to August 31, 2022, compared to a £24.6m profit during the same period in 2021.
Boohoo also reported a 10% drop in its revenue to £882.4m.
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