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The Latest Breaking News from Mahmud Kamani

Boohoo was already a governance mess. Enter Mike Ashley for extra complexity

Frasers wants its founder to be boss of the ailing fashion retailer. But Ashley isn’t ruling out being a bidder himself in any potential break-up

The Guardian - UK

The mystery of the ‘vanishing’ diamond dealer: fury in the City after multimillion collapse of Vashi

Vashi Domínguez left a trail of financial wreckage and enraged investors in his wake after his London jewellery firm crashed – and now no one can find him

The Guardian - UK

Boohoo backtracks on plan to pay bosses £1m bonuses

Shareholders complained about payouts amid missed bonus targets on sales, profits and IT aims

The Guardian - UK

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Loss-making U.K. retailer Boohoo wants to reward its top team with millions in bonuses—and its shareholders aren't happy

“The market is unimpressed with paying executives £1 million packages when the performance of the company has been woeful,” one expert said.

Fortune

Boohoo boss takes home £650,000 bonus despite fast-fashion giant making over £90m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Manchester Evening News

Boohoo founders get hefty bonuses despite missing sales and profit targets

Carol Kane and Mahmud Kamani paid about £1m each after bonuses equivalent to annual basic salary

The Guardian - UK

Boohoo CEO handed £650,000 bonus despite fashion giant making almost £91m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Birmingham Post

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Company behind 'Tinder-style' property app run by PrettyLittleThing founder owed almost £3m before collapse

Adam Kamani set up PrettyLittleThing in 2012 with his brother Umar before Boohoo bought a majority stake in 2017

Manchester Evening News

Company behind 'property dating' app run by PrettyLittleThing's Adam Kamani owed almost £3m as it entered liquidation

The business was set up in February 2017 and is based in Little Peter Street, Manchester

Birmingham Post

Empty plot of sand on luxury Dubai island sells for $34m

Former owner purchased plot of land for nearly $10m two years ago

The Independent UK

An empty plot of sand in Dubai just sold for $34 million

Its former owner, British fashion entrepreneur Umar Kamani, made a 242% profit in two years—though he never built anything on it.

Fortune

Inside PrettyLittleThing dynasty, mind-blowing gifts and celeb pals as founder steps down

PrettyLittleThing founder Umar Kamani has announced he's stepping down as the CEO of the fashion brand after 12 years at the helm in order to pursue 'new challenges and goals'

Daily Mirror

PrettyLittleThing founder Umar Kamani stepping down as CEO after 12 years running global fashion empire

The businessman shared a statement on social media that outlined his hopes to 'build new brands' in the future

Manchester Evening News

Boohoo boss could be in line for £50m bonus

Online retailer raises incentives for senior management after slump in share price and slow Christmas sales

The Guardian - UK

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Birmingham Post

Boohoo's Mahmud Kamani becomes director of seven businesses run by son who co-founded PrettyLittleThing

Mahmud Kamani stepped down as a director of LadBible at the end of 2021 as it prepared to become a public company

Manchester Evening News

I Saw It First was bought for only £1 by Mike Ashley's empire as debts reached £13m

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani.

Birmingham Post

Revealed: I Saw It First was bought for £1 by Mike Ashley's Frasers Group and owed £13m to shareholders

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

Manchester Evening News

Global investment giant snaps up Boohoo shares to become second largest backer

Boohoo's largest single shareholder remains co-founder Mahmud Kamani

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Evening Standard

Boohoo warns on profits after sales slide

The beleaguered retailer’s declining share price has seen the wealth of founder Mahmud Kamani fall over £500 million

Evening Standard

Boohoo founder Mahmud Kamani loses £500 million as firm’s stock becomes UK’s most shorted

Founder Mahmud Kamani has seen the value of his share in the business shrink to just £60 million

Birmingham Post

Boohoo co-founder Mahmud Kamani revealed as investor in Frasers Group target MySale

Frasers Group issued an offer for MySale last month

Manchester Evening News

I Saw It First: How fashion brand worn by Love Island stars with Boohoo links followed in Missguided's footsteps

I Saw It First was founded in 2017 by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

Birmingham Post

I Saw It First bought by Frasers Group two months after £20m rescue of Missguided

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

Manchester Evening News

How Manchester's weather helped bring fast fashion giants like Boohoo and PrettyLittleThing to the city

Retail experts on why the city is such a hub for fashion brands

Manchester Evening News

Sales surge at fashion brand I Saw It First worn by Love Island hopefuls and Molly-Mae Hague

The company was founded by the brother of Boohoo co-founder Mahmud Kamani

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