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    US company T. Rowe Price acquires over 11% stake in UK Boohoo

    T. Rowe Price, a U.S. investment company with over 11% stake in UK online fashion and cosmetics retailer ASOS, has acquired a 10% stake in UK-based online fashion retailer Boohoo and is headquartered in Manchester. Became the third largest shareholder in the group. .. Jupiter Fund Management holds the second largest stake, and founder Mamudo Abdra Kamani holds the largest stake.

    Boohoo and ASOS are rivals. Founded in 1937, T. Rowe Price is a publicly traded company headquartered in Baltimore, Maryland. The company has 16 international offices serving clients in 47 countries.

    T. Rowe Price, a U.S. company with a stake of over 11% in UK online fashion and cosmetics retailer ASOS, has acquired a 10% stake in UK online fashion retailer Boohoo and is headquartered in Manchester. Became the second largest shareholder. Management holds the second largest stake, with founder Mahmud Abdullah Kamani holding the largest stake.

    A few months ago reports of inadequate supply chain practices led Boohoo stocks on a roller coaster. According to British media reports, T. The advent of low prices could help remedy this downtrend.

    Fiber2Fashion News Desk (DS)

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    US company T. Rowe Price acquires over 11% stake in UK Boohoo

    Source link US company T. Rowe Price acquires over 11% stake in UK Boohoo

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