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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Jun- 2023 -26 JuneClothing & Shoes
Debenhams to launch new premium brands division
Debenhams has announced plans to launch a new division for premium brands on its website as it looks to become a “great British digital department store”, according to Drapers. The Boohoo Group-owned brand is set to launch the new premium fashion division on its website later this year and are…
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26 JunePeople Moves
Frasers Group appoints Mike Ashley as consultant
Frasers Group has appointed founder Mike Ashley as a consultant to the group, as the retailer intends to acquire other companies amid an acquisition spree, The Sunday Times has reported. Frasers currently operates its own shopping centres in Luton and Dundee, with an aim to acquire more outlet centres in…
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23 JuneClothing & Shoes
Boohoo sees shareholder unrest over executive pay
Boohoo is facing unrest amongst its shareholders after nearly a third of them voted against its remuneration report at its AGM. It is unclear exactly how much each director was paid last year but 32.5% of shareholders decided against the report. Despite this all directors were reelected with 99% of…
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23 JuneHealth & Beauty
Revolution Beauty sales jump 60% in Q1
Revolution Beauty saw a 60% increase in sales within the first three months of FY23, as gross margins were 48.2% in the period compared with 41.7% in the same period last year. Meanwhile, the group’s EBITDA remained at a constant currency level of £3.5m. Bob Holt, CEO of Revolution Beauty,…
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22 JuneHealth & Beauty
Former THG boss joins Boohoo’s boardroom coup at Revolution Beauty
Boohoo has furthered its attempted boardroom coup at Revolution Beauty with the announcement that former THG boss, Rachel Horsefield, will now be part of a future independent board appointment process. Horsefield most recently worked as the CEO of Beauty at THG, and according to Boohoo, will bring significant e-commerce and…
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21 JuneDepartment Stores
Debenhams’ unsecured creditors to lose out on £1.3bn
Debenhams’ unsecured creditors, including clothing suppliers, landlords and lenders, are set to lose out on the £1.3bn they were owed before the business collapsed in 2020. According to The Times, a new report from the department store’s liquidator, AlixPartners, revealed that no funds were available for distribution to the group’s…
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20 JuneDepartment Stores
Frasers acquires single-figure stakes in Boohoo and Currys
Mike Ashley’s Frasers Group has announced it has made a “strategic investment” in both Boohoo and Currys. In an announcement to shareholders it said driving growth through strategic investments is a “core part” of Frasers’ DNA and as such has acquired a 5% stake in Boohoo and 5% in Currys.…
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19 JuneNews
Boohoo plans for boardroom coup at Revolution Beauty
Boohoo has announced that it has notified the board of Revolution Beauty of its intention to vote against the reappointment of Bob Holt, Derek Zissman, and Elizabeth Lake at the upcoming AGM which has been convened for 27 June 2023. Boohoo, which is the beneficial owner of approximately 26.6% of…
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5 JuneDepartment Stores
Debenhams partners with lifestyle brand Nautica
Debenhams has partnered with global lifestyle brand Nautica, making the brand now available to purchase through its online marketplace. The news comes as the US-based retailer, which is best known for its ‘preppy’ apparel, relaunched in the UK and EU market last year, with head of design Tim Peck heading…
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May- 2023 -17 MayOnline & Digital
One4all partners with Asos and Secret Sales
Multi-store gift card, One4all, has announced two new partnerships with global fashion retailer Asos and premium ecommerce marketplace, Secret Sales. As a result, Asos and Secret Sales now accept the gift card for all online purchases. The online retailers join the group’s catalogue of popular fashion brands including New Look,…
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