AO World founder sees personal holding increase by £100m
The founder and chief executive of Bolton-based AO World has topped up his stake in the company after seeing his personal holdings increase by more than £100m in value.
John Roberts, who launched Appliances Online in 2000, now owns 22.6% of the online retailer after investing £220,000 this week.
He increased his stake after the electrical retailer had revealed sales in the year to March were more than £1bn, and broke even after a £20m loss in the previous year.
But this is dwarfed by the recent change in fortunes of the c... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
