Business
Update on warehousing
Update on warehousing.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9060U\n boohoo group plc\n 09 April 2021\n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n 9 April 2021\n \n \n \n \n \n \n \n \n boohoo group plc\n \n (\"boohoo\" or \"the Group\")\n \n Update on warehousing\n \n boohoo, a leading online fashion retailer, is pleased to announce that following exchange of contracts, it has agreed a long-term lease for a new warehouse in Daventry, due to become operational in the second quarter of the Group's financial year. This site will support the Group's expansion and adds capacity in addition to its existing facilities in Burnley, Sheffield and Wellingborough. In aggregate, these sites will give the Group net sales capacity in excess of £4 billion. \n \n \n The new warehouse is scalable, with the Group expecting to invest over £50 million in the coming years, increasing capacity and offering the Group operational flexibility as it grows. The deal is expected to secure up to 500 jobs and in the future create up to a further 1,000 jobs as capacity increases at the site. \n \n \n \n \n \n Enquiries\n \n \n \n \n \n \n \n boohoo group plc\n \n \n \n \n \n \n \n Neil Catto, Chief Financial Officer\n \n \n Tel: +44 (0)161 233 2050\n \n \n \n \n Alistair Davies, Investor Relations\n \n \n Tel: +44 (0)161 233 2050\n \n \n \n \n Clara Melia, Investor Relations\n \n \n Tel: +44 (0)20 3289 5520\n \n \n \n \n Mark Mochalski, Investor Relations\n \n \n Tel: +44 (0)11 8328 7068\n \n \n \n \n \n \n \n \n \n \n \n \n Zeus Capital - Nominated adviser and joint broker\n \n \n \n \n \n \n \n Nick Cowles/Andrew Jones (Corporate Finance)\n \n \n Tel: +44 (0)161 831 1512\n \n \n \n \n John Goold/Benjamin Robertson (Corporate Broking)\n \n \n Tel: +44 (0)20 3829 5000\n \n \n \n \n \n \n \n \n \n \n \n \n Jefferies - Joint broker\n \n \n \n \n \n \n \n Philip Noblet/Max Jones\n \n \n Tel: +44 (0)20 7029 8000\n \n \n \n \n \n \n \n \n \n \n \n \n Buchanan - Financial PR adviser\n \n \n [email protected]\n \n \n \n \n Richard Oldworth / Kim Looringh-van Beeck / Toto Berger / Sophie Wills\n \n \n Tel: +44 (0)20 7466 5000\n \n \n \n \n \n About boohoo group plc\n \"Leading the fashion eCommerce market\"\n \n Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, ...