Boohoo
This coverage tracks Boohoo’s position and performance in the UK fashion retail market, focusing on financial results, leadership moves, sustainability initiatives, marketing and expansion strategy. With analysis tailored to brand managers, retail executives and strategists, the reporting examines how Boohoo navigates fast-fashion challenges and compliance demands to maintain competitiveness.
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Aug- 2023 -8 AugustClothing & Shoes
Frasers ups stake in Asos to nearly 17%
Mike Ashley’s Frasers Group has announced that it has once again upped its stake in Asos to nearly 17%. The news comes after the group upped its stake in the online retail company to over 10% in June. Additionally, Frasers also acquired 7.8% stake in Boohoo last month. Prior to…
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8 AugustClothing & Shoes
Pretty Little Thing co-founder acquires 3% stake in Boohoo
Umar Kamani, the co-founder of Pretty Little Thing, has bought a 3% stake in Boohoo, according to a recent filing on the London Stock Exchange. Earlier this year, Kamani revealed he would be stepping down as CEO of Pretty Little Thing, which was acquired by Boohoo in May 2020. Kamani,…
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Jul- 2023 -31 JulyDepartment Stores
Frasers Group to axe 100 roles in Manchester
Frasers Group is reportedly set to axe more than 100 roles in its head office in Manchester in a bid to streamline the business, Drapers has reported. It is understood that the retail group has entered into a consultation period with staff from Missguided, I saw It First and Studio…
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26 JulyHealth & Beauty
Boohoo ups stake in Revolution Beauty amid falling shares
Boohoo has increased its holdings in Revolution Beauty from 26.4% to 27.1%, as shares in the online makeup retailer continue to fall. As of Monday (24 July), the share price in the cosmetics giant dropped by more than 7.5%. The group increasing its holdings comes after both companies have been…
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24 JulyHealth & Beauty
Revolution Beauty faces FCA probe over market abuse
Revolution Beauty has revealed that the Financial Conduct Authority (FCA) has launched an investigation into the retailer over potential breaches of market abuse regulation. The investigation will examine potential breaches that occurred between July 2021 and September 2022. Revolution Beauty said in a statement: “The Financial Conduct Authority has today…
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18 JulyHealth & Beauty
Revolution Beauty CEO and chair step down amid Boohoo settlement deal
Boohoo and Revolution Beauty have brought an end to their ongoing feud with the signing of a settlement agreement that will see major board changes at the beauty retailer. As part of the agreement, CEO Bob Holt OBE and chairman Derek Zissman agreed to resign from Revolution’s board, although Holt…
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17 JulyNews
Credit insurance lowered for Boohoo suppliers
Leading credit insurer Allianz Trade has lowered cover for Boohoo’s suppliers following the financial pressures faced by the retailer, The Times has reported. The Times said it understood that Allianz Trade has reduced cover by 50% for the suppliers so far, although some have had their coverage cut to zero. …
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11 JulyHealth & Beauty
Revolution Beauty says it could reach compromise with Boohoo
Revolution Beauty Group reportedly believes that a compromise with Boohoo could be reached in the coming days. The news comes after the cosmetics group said it will organise a general meeting on 7 August 2023. The board of the company has unanimously recommended that shareholders vote against all of Boohoo’s…
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10 JulyClothing & Shoes
Boohoo to contact market regulator amid ongoing Revolution battle
Boohoo is reportedly drafting a letter to the junior stock market regulator over plans to requisition an upcoming Revolution Beauty EGM amid the escalating row between the two companies. According to Sky News, the retailer will contact AIM regulatory authorities to demand that Revolution clarifies an earlier stock exchange announcement…
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Jun- 2023 -30 JuneHealth & Beauty
Revolution Beauty defends AGM actions as Boohoo dispute continues
Revolution Beauty has defended its actions at its AGM earlier this week, including the firing and rehiring of three top executives, after Boohoo criticised the move. Revolution said it received “very positive reaction from all stakeholders” following its actions, adding that the move was “firmly validated” from the stock market…
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