Boohoo raises £200m

Boohoo, the online fashion retailer which operates a major distribution hub in Burnley, has raised £197.7m by issuing new shares.

The AIM-listed firm privately placed more than 58 million shares, which sold at 340p and account for 5 per cent of the company's total issued share capital.

The growing company recently announced that it had increased revenues by 44 per cent last year, up to £1.2bn, through acquisitions of popular brands and by increasing sales volumes.

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