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RNS Number : 2946W

boohoo group plc

17 August 2022

 
 17 August 2022

boohoo group plc

("boohoo" or the "Group")

Strategic Investment in Revolution Beauty Group plc

boohoo is pleased to announce that it has recently made a strategic investment into Revolution Beauty Group plc ("Revolution Beauty"), amounting to a direct interest as at the close on 12 August 2022 of 7.1% of Revolution Beauty's issued share capital. The investment builds upon the existing relationship between boohoo and Revolution Beauty, under which Revolution Beauty products are sold through several of the Group's direct to consumer brand websites and its online digital department store, Debenhams. The investment reflects boohoo's belief in the growth potential of Revolution Beauty and it intends to be a supportive stakeholder and long-term partner.

-ends-

 
 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)20 3239 6289 
 
 
 Zeus Capital - Nominated adviser and 
  joint broker 
 Andrew Jones / James Edis              Tel: +44 (0)161 831 1512 
 Benjamin Robertson                     Tel: +44 (0)20 3829 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    Tel: +44 (0)20 7466 5000 
  Beeck / Toto Berger / Verity Parker

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 a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the Group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 28 February 2022, the Group had 20 million active customers across all its brands around the world.

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(END) Dow Jones Newswires

August 17, 2022 02:05 ET (06:05 GMT)

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