A top investor in Manchester-headquartered Boohoo has sold half its shares in the fashion giant.
T. Rowe Price International is an investment management firm that offers portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organisations and investment companies. The firm has reduced its holding in Boohoo to just under 5%, down from 9.7%.
It had been the largest institutional investor in Boohoo and was second overall, behind co-founder Mahmud Kamani. Other major investors in Boohoo include Norges Bank Investment Management, Invesco Advisers, Inc and Jupiter Asset Management Ltd.
