boohoo group plc Property Acquisition (2160V)
April 13 2021 - 1:00AM
UK Regulatory
TIDMBOO
RNS Number : 2160V
boohoo group plc
13 April 2021
FOR IMMEDIATE RELEASE 13 April 2021
boohoo group plc
("boohoo" or "the Group")
Property Acquisition
boohoo, a leading online fashion retailer, is pleased to
announce that it has acquired, for GBP72 million, a new office in
Soho, the heart of London's West End, for the Group's London-based
brands. Since acquiring the Karen Millen and Coast brands in 2019,
the Group's presence in London has grown significantly through
organic means and more recently through the acquisitions of the
Oasis, Warehouse, Debenhams, Dorothy Perkins, Burton and Wallis
brands. The new office is intended to become home for all
London-based product, marketing, technology and central support
teams, offering flexible working for approximately 600 of our
colleagues.
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
Mark Mochalski, Investor Relations Tel: +44 (0)11 8328
7068
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles/Andrew Jones (Corporate Finance) Tel: +44 (0)161 831
1512
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20 3829
Broking) 5000
Jefferies - Joint broker
Philip Noblet/Max Jones Tel: +44 (0)20 7029
8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth / Kim Looringh-van Beeck Tel: +44 (0)20 7466
/ Toto Berger / Sophie Wills 5000
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and
innovative global brand targeting young, value-orientated
customers, pushing boundaries to bring its customers up-to-date and
inspirational fashion, 24/7.
In 2017 the Group extended its customer offering through the
acquisitions of the vibrant fashion brand PrettyLittleThing, and
free-thinking brand Nasty Gal. In March 2019 the Group acquired the
MissPap brand, in August 2019 the Karen Millen and Coast brands and
in June 2020 the Warehouse and Oasis brands, all complementary to
the Group's scalable, multi-brand platform. In January 2021, the
Group acquired the intellectual property assets of Debenhams, with
the goal of transforming a leading UK fashion and beauty retailer
into an online marketplace through a new capital light and low risk
operating model. In February 2021, the Group acquired the
intellectual property assets of UK brands Burton, Dorothy Perkins
and Wallis.
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END
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