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Evening Standard
Evening Standard
Holly Williams

Boohoo raises £39m in investor cash call as Frasers boardroom tussle heats up

Struggling online retailer Boohoo has raised around £39.3 million through an investor cash call (PA) - (PA Wire)

Struggling online retailer Boohoo has raised around £39.3 million through an investor cash call as it grapples with deepening losses and a mounting spat with Mike Ashley’s Frasers Group.

Boohoo said it was “pleased” with the level of shareholder support shown in the fundraise, with retail investors set to be able to take part in a further £6 million share placing.

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