The move could prove lucrative for the company s shareholders which include founder Matt Moulding (pictured with his wife Jodie), who has a 14.2 per cent stake worth £1.1bn.
The founders of internet giants Boohoo and The Hut Group have backed rapidly growing cosmetics company Revolution Beauty, The Mail on Sunday can reveal.
Mahmud Kamani and Matt Moulding are both understood to have invested millions of pounds in the online beauty retailer which is due to float on the London Stock Exchange tomorrow, sources said.
Major investor: Boohoo founder Mahmud Kamani with his wife Aisha
The tycoons have both built sprawling retail empires and their support is a significant endorsement for the firm which has been valued at almost £500million.
Revolution will float on AIM, placing 69million new shares and 118million existing shares at £1.60. The placing includes a £90million cornerstone investment from funds group Jupiter Asset Management.
Investors need to know about the model. How income is earned, income streams, the patterns of payment and governance. Tech heavyweights on the board need to be mixed with trusted City names.
Just four weeks after the St Paul s Cathedral fundraising drive was launched, it reached the milestone last night thanks to the incredible support of Mail readers and a string of donors.
The Remember Me campaign is on the verge of smashing through the £2million barrier thanks to a £100,000 donation from a generous Mail reader.
The stunning gift from the kind-hearted donor – who wishes to remain anonymous – means the drive to fund a Covid memorial at St Paul s Cathedral is now tantalisingly close to its target of £2.3million.
Since the Mail s launch earlier this month, more than £312,000 has flooded in from thousands of readers while £1.1million has been secured in major pledges.
Together with funds already collected by the cathedral, the campaign has now banked a magnificent total of £1,959,538.
In addition, St Paul s is expecting to claim almost £40,000 in Gift Aid which would take the total to more than £1,999,300.