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 -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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16 MayClothing & Shoes
Boohoo profits halve in FY22
Boohoo has seen its profits fall by 49% to £63.3m in 2022, with revenues falling to £1.8bn, down by 11% against last year, though up by 3% on 2020. Over the year, UK revenues were down by 9% against the 2021 but were up by 61% against 2020, which the…
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5 MayClothing & Shoes
Boohoo settles £156m court case over fake discounting claims
Boohoo has settled a $197m (£156m) court case in the US after the online retailer was accused of faking discounts on its US websites. The company, which owns PrettyLittleThing, NastyGal and boohooMAN, allegedly marked down and discounted inflated prices, listing items at a reduced price despite them rarely being sold…
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3 MayOnline & Digital
AYBL To Grow: £30m athleisure brand saves 1,000s of hours with Inventory Planner
Key facts Shopify-powered women’s activewear brand that’s experienced 360% growth to reach a revenue of £30M Uses Inventory Planner to accurately forecast demand, automate and streamline purchasing and make data-driven decisions that support growth Impact: 100 hours a month reclaimed, three hires saved, excess stock eliminated and more “Inventory Planner…
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Apr- 2023 -27 AprilPeople Moves
Boohoo appoints John Goold as new board member
Boohoo has announced the appointment of John Goold to its board as an independent non-executive director. Goold will become chairman of the Audit Committee and he will also be a member of the Nomination, Remuneration and Risk committees. He began his career by qualifying as a chartered accountant in 1996…
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3 AprilNews
Boohoo appoints new non-executive director to board
Online fashion Retailer Boohoo has announced the appointment of Alistair McGeorge as an independent non-executive director of the board. McGeorge will succeed Brian Small as the group’s deputy chairman and will act as interim chair of the audit committee until the search for an additional non-executive director is complete. He…
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Mar- 2023 -10 MarchClothing & Shoes
Boohoo narrowly approves new growth plan
Boohoo has experienced pushback from shareholders over its plans to award executives £175m if its share price improves, despite the scheme’s narrow approval at its general meeting on 8 March. The fast fashion retailer’s growth plan saw 37% of the group’s shareholders voting to reject the plan. As a majority…
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