boohoo.com plc Nasty Gal Acquisition Completion (0250Y)
February 28 2017 - 2:01AM
UK Regulatory
TIDMBOO
RNS Number : 0250Y
boohoo.com plc
28 February 2017
For Immediate Release 28 February 2017
boohoo.com plc
Nasty Gal Acquisition Completion
Following the announcement on 9 February 2017, boohoo.com plc
("the Group"), the leading online fashion retailer, today announces
that it has completed the acquisition of certain intellectual
property assets and customer databases from retailer Nasty Gal Inc.
("Nasty Gal") for US$20 million. The transaction will be financed
through a combination of the Group's existing cash resources and a
new bank debt facility of GBP12 million. The Group will consolidate
Nasty Gal from 1 March 2017.
Enquiries
boohoo.com plc
Neil Catto, Chief Financial Tel: +44 (0)161 233 2050
Officer Tel: +44 (0)7748 171236
Clara Melia, Investor Relations
Zeus Capital - Nominated
adviser and joint broker Tel: +44 (0)161 831 1512
Nick Cowles/Andrew Jones Tel: +44 (0)20 3829 5000
(Corporate Finance)
John Goold/Benjamin Robertson
(Corporate Broking)
Jefferies Hoare Govett - Tel: +44 (0)20 7029 8000
Joint Broker
Nick Adams/Max Jones
Buchanan - Financial PR
adviser Tel: +44 (0)20 7466 5000
Richard Oldworth/Madeleine boohoo@buchanan.uk.com
Seacombe/Jane Glover
About boohoo.com
"The voice and style of the social generation"
Keeping one step ahead of the trends or making a subtle style
change is easy with boohoo.com and with up to 100 new pieces
hitting the site every day and a new collection each week,
boohoo.com never stops - it is 24/7 fashion at its best. From the
UK's best kept fashion secret to one of the fastest growing
international retailers, boohoo.com has quickly evolved into a
global fashion leader of its generation. Combining cutting-edge,
aspirational design with an affordable price tag, boohoo.com has
been pushing boundaries since 2006 to bring its customers all the
latest looks for less.
www.boohoo.com www.boohoo.com/newz/page/home fr.boohoo.com
www.boohoo.com/europe/page/home www.boohoo.com/sweden/page/home de.boohoo.com
www.boohoo.com/usa/page/home www.boohoo.com/denmark/page/home it.boohoo.com
www.boohoo.com/canada/page/home www.boohoo.com/norway/page/home nl.boohoo.com
www.boohoo.com/aus/page/home es.boohoo.com
About Nasty Gal
Nasty Gal was founded in 2006 and is based in Los Angeles. Nasty
Gal today is recognised as a pioneer in both the curation and
design of women's clothing, shoes, and accessories. The Company has
a global presence in 180 countries and a social media following of
over 3.5 million. For more information, visit the website at
www.nastygal.com.
This announcement has been determined to contain inside
information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 28, 2017 03:01 ET (08:01 GMT)
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