Business
Acquisition of Nasty Gal
Acquisition of Nasty Gal.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \nRNS Number : 4218W boohoo.com plc 09 February 2017 \n\n\n\n\n\nFor immediate release\n\n\n 9 February 2017\n\n\n\n\n \nAcquisition of Nasty Gal\nboohoo.com plc\n \nFurther to the announcement on 6 February 2017, boohoo.com plc (\"the Group\") confirms that court approval has been obtained for the Group to acquire certain intellectual property assets and customer databases from retailer Nasty Gal Inc. for US$20 million. The transaction, subject to the satisfaction of customary closing conditions waivable at the Group's discretion, is expected to complete on 28 February 2017.\n \nMahmud Kamani and Carol Kane, joint CEOs, commented:\n \n\"We are delighted to have been successful in our bid to acquire Nasty Gal. It represents an exciting opportunity to accelerate our international offering and inspire an ever-growing range of young customers in the US and around the world.\"\n \nEnquiries\n\n\n\n\nboohoo.com plc\nNeil Catto, Chief Financial Officer\nClara Melia, Investor Relations\n\n\n \nTel: +44 (0)161 233 2050\nTel: +44 (0)7748 171236\n \n\n\n\n\nZeus Capital - Nominated adviser and joint broker\nNick Cowles/Andrew Jones (Corporate Finance)\nJohn Goold/Benjamin Robertson (Corporate Broking)\n\n\n \nTel: +44 (0)161 831 1512\nTel: +44 (0)20 3829 5000\n\n\n\n\nJefferies Hoare Govett - Joint Broker\nNick Adams/Max Jones\n\n\n \nTel: +44 (0)20 7029 8000\n \n\n\n\n\nBuchanan - Financial PR adviser\nRichard Oldworth/Madeleine Seacombe/Jane Glover\n\n\n&...