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Birmingham Post
Birmingham Post
Business
Jon Robinson

Boohoo stake increased by group owned by one of the world's richest men

A group owned by one of the richest men in the world has increased its stake in Boohoo.

Citadel GP LLC, which is majority owned by billionaire founder and chief executive Ken Griffin, has upped its holdings in the Manchester-headquartered fashion giant from 5.3% to 8.9%.

Mr Griffin provided funding to the Ricketts family in their failed bid to buy Chelsea from Roman Abramovich last year.

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