A co-founder of Manchester-based fashion giant Boohoo has handed her ex-husband £5.4m worth of shares to fund her divorce.
Carol Kane married interior designer Mark White in 2016 after 30 years together.
She has transferred more than 13.3 million shares in the group to Mr White, according to documents filed with the London Stock Exchange.
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They are worth £5.4m and represent about 1% of the issued share capital of Boohoo.
The documents also show that she is keeping a 1.58% stake in the company.
Boohoo revealed in September that higher returns and cost-of-living pressures on customer spending had led to it falling to a loss and its sales slumping during the first half of its financial year.
The group, which also includes the PrettyLittleThing and Karen Millen brands, 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.
Last month Boohoo also handed shares to more than 1,100 of its employees as part of its Save As You Earn ('SAYE') share scheme for 2022.
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