A US investment giant led by a billionaire who helped to fund a failed bid to takeover Chelsea has snapped up shares in Manchester-headquartered fashion group Boohoo.
Citadel GP LLC now has a stake worth more than 5% in the group, making it one of its largest single shareholders.
The hedge fund was founded in 1990 by chief executive Ken Griffin who has an estimated net worth of £21bn and provided funding to the Ricketts family in their bid to buy Chelsea from Roman Abramovich.
