Boohoo’s share value dented by brother’s £14.8m sell off

Shares in online fashion retailer Boohoo.com fallen 4.6% after the brother of one of its founders sold £14.8m worth of his shares.

Jalal Kamani, the 57-year-old brother of Mahmud Kamani, 53, offloaded 7.7 million shares at 191.2p each, before shares in the company fell 8.75p to 182.7p.

He held a 6.8% – or 76.5 million shares – stake the company. This has now fallen to 5.58%, or 68.8 million shares.

Boohoo co-founder Carol Kane, 51, sold £10m worth of shares in September and in June Mahmud Kamani and his siblings Rabia Kamani and Nurez Kamani sold £80.5m worth of shares.

Last week, the company reported revenues for the company, which includes brands Pretty Litte Thing and Nasty Gal had climbed 100% to £228.2m in the four months to December 31.