A US investment giant, which has a major stake in online electricals retailer AO, has snapped up shares in Boohoo.
Camelot Capital Partners has acquired a 4.59% holding in the Manchester-headquartered fashion group.
The move comes after the investor increased its stake in AO in February to just over 19%.
READ MORE: Experts on why Boohoo is in a better position than ASOS
Boohoo co-founder Mahmud Kamani remains the largest single shareholder in Boohoo, with T. Rowe Price Associates/ T. Rowe Price International in second place.
Other significant shareholders include Norges Bank Investment Management and Baillie Gifford & Co.
Boohoo announced this week that it had hired a boss at Trainline, Asos and Amazon as its new chief financial officer.
Shaun McCabe will succeed Neil Catto in the role who will become an executive director and remain on the board.
Boohoo added that Mr Catto, who has been CFO since May 2011, will have responsibility for "strategic projects".
It also announced recently that its sales in the UK had fallen for the first time as it struggled to keep shoppers spending during its latest financial period.
The fashion giant posted a group revenue of £445.7m for the three months to May 31, 2022. That compares to the £486.1m it achieved during the same period in 2021.
Its UK sales dipped from £274.6m to £272.1m while its revenue in the rest of Europe fell from £54.4m to £49.6m. US sales were also down from £131.9m to £95m but its revenue in the rest of the world increased from £25.2m to £29m.
