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18 July 2023 |
boohoo group plc
("boohoo")
Settlement Agreement with Revolution Beauty Group plc
boohoo has entered into a settlement agreement ("Settlement Agreement") with Revolution Beauty Group plc ("Revolution Beauty"). The Settlement Agreement, among other things, will result in the reconstitution of the board of Revolution Beauty. boohoo believes the Settlement Agreement is in the best interests of Revolution Beauty and its shareholders. The full terms of the Settlement Agreement have been published via RNS by Revolution Beauty.
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Enquiries |
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boohoo group plc |
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Shaun McCabe, Chief Financial Officer |
Tel: +44 (0)161 233 2050 |
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Alistair Davies, Investor Relations |
Tel: +44 (0)161 233 2050 |
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Mark Mochalski, Investor Relations |
Tel: +44 (0)20 3239 6289 |
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Clara Melia, Investor Relations |
Tel: +44 (0)20 3289 5520 |
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Zeus Capital - Nominated adviser and joint broker |
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Dan Bate / James Edis |
Tel: +44 (0)161 831 1512 |
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Benjamin Robertson |
Tel: +44 (0)20 3829 5000 |
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Jefferies - Joint broker |
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Ed Matthews / Harry Le May |
Tel: +44 (0)20 7029 8000 |
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Buchanan - Financial PR adviser |
boohoo@buchanan.uk.com |
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Richard Oldworth / Toto Berger / Verity Parker |
Tel: +44 (0)20 7466 5000 |
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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 2023, the boohoo group had 18 million active customers across all its brands around the world.