Boohoo founder sued for £118.5m

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The founder of online retailer Boohoo is being sued for breach of agreement for £118.5m.

Web developer Richard Womack claims that Boohoo Founder Mahmud Kamani promised him a 10% share in the company in return for building its website. Mr Womack’s representation, JMW Solicitors, claim he spent two years developing the Boohoo site but has never received the promised payment.

The Boohoo Group, which includes the PrettyLittleThing and NastyGal labels, celebrated above-market growth in the last quarter of 2018 as its rival ASOS issued a profit warning. Group revenue for the last quarter totalled £328.2m, up 43% from 2017 Q4.

Legal papers have been served to Manchester’s High Court.

Mahmud Kamani fully dismissed the allegations and has vowed to challenge any claim made against him by Richard Womack.

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