boohoo group plc COMMENT RE: MEDIA SPECULATION (0531I)
August 06 2019 - 1:01AM
UK Regulatory
TIDMBOO
RNS Number : 0531I
boohoo group plc
06 August 2019
FOR IMMEDIATE RELEASE 6 August 2019
The information contained within this announcement is deemed by
the company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
boohoo group plc
COMMENT RE: MEDIA SPECULATION
boohoo group plc (the "Group"), a leading online fashion group,
notes recent media commentary about its interest in Karen Millen
and Coast.
The Board confirms that it has made an offer to acquire the
online business of renowned British brands Karen Millen and Coast,
together with all associated intellectual property rights.
The Group believes that the online business of these brands
would represent highly complementary additions to its scalable
multi-brand platform and extend the Group's offer as part of its
vision to lead the fashion e-commerce market globally.
These discussions may or may not result in agreement of a
transaction. A further announcement will be made when
appropriate.
Enquiries
boohoo group plc
Neil Catto, Chief Financial Officer Tel: +44 (0)161 233 2050
Alistair Davies, Investor Relations Tel: +44 (0)161 233 2050
Clara Melia, Investor Relations Tel: +44 (0)20 3289 5520
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles/Andrew Jones (Corporate Tel: +44 (0)161 831 1512
Finance)
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20 3829 5000
Broking)
Jefferies Hoare Govett - Joint broker
Philip Noblet/ Max Jones Tel: +44 (0)20 7029 8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth/ Sophie Wills/ Maddie Tel: +44 (0)20 7466 5000
Seacombe
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006 by Mahmud Kamani and Carol Kane,
boohoo is an inclusive and innovative brand targeting young,
value-orientated customers. For 13 years, boohoo has been pushing
boundaries to bring its customers up-to-date and inspirational
fashion, 24/7. boohoo has grown rapidly in the UK and
internationally, expanding its offering with range extensions into
menswear, through boohooMAN.
In early 2017 the group extended its customer offering through
the acquisitions of the vibrant fashion brand PrettyLittleThing,
and free-thinking brand Nasty Gal and in March 2019 acquired the
Miss Pap brand. United by a shared customer value proposition, our
brands design, source, market and sell great quality clothes, shoes
and accessories at unbeatable prices. This investment proposition
has helped us grow from a single brand, into a major multi-brand
online retailer, leading the fashion eCommerce market for 16 to
30-year-olds around the world. As at 28(th) February 2019, the
boohoo group had around 13 million active customer accounts across
all its brands around the world.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
SPCEQLBBKVFFBBD
(END) Dow Jones Newswires
August 06, 2019 02:01 ET (06:01 GMT)
Boohoo (LSE:BOO)
Historical Stock Chart
From Apr 2024 to May 2024
Boohoo (LSE:BOO)
Historical Stock Chart
From May 2023 to May 2024