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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Feb- 2021 -4 FebruaryProperty
Retail landlords charged nearly £1bn in rates on empty shops
Retail landlords have handed over almost £1bn to English Councils in business rates since the onset of the pandemic despite the current holiday, research from the Altus Group has found. The government, which has invested more than £280bn in business support during the last year, gave premises in those sectors…
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2 FebruarySupermarkets
Aldi looks to onboard redundant Arcadia and Debenhams staff
Aldi is calling for those affected by the fall of the Arcadia and Debenhams retail empires to apply for a position in its store as it aims to create 4,000 jobs across Britain this year. The discount supermarket, which has over 900 UK sites said that it would very much…
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Jan- 2021 -29 JanuaryM&A
Boohoo confirms exclusive Arcadia talks
Just days after Boohoo confirmed the acquisition of Debenhams, the online retailer has announced it is in exclusive talks with Arcadia to purchase three of the collapsed group’s brands. In a short statement Boohoo said it was exclusive discussions with the administrators of Arcadia over the acquisition of the Dorothy…
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28 JanuaryDepartment Stores
Debenhams CEO to step down
Steven Cook is reportedly stepping down from his position as CEO of Debehmans, according to Drapers. Cook joined Debenhams in 2017 as managing director, overseeing the division’s buying, design and merchandising for fashion and home. In an internal message sent to staff, and seen by Drapers, Hazell said: “Steven Cook…
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27 JanuaryHigh Street
Paperchase rescued in pre-pack Permira deal
The majority of Paperchase stores are reportedly set to be rescued in a pre-pack deal that is poised to save around 1,000 jobs. According to Sky News, the rescue deal will be led by private equity giant Permira, with a deal expected to be agreed later today (27 January). Permira,…
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26 JanuaryClothing & Shoes
JD Sports mulls £400m share placing
JD Sports Fashion is reportedly eyeing up an equity sale of around £400m as it “eyes further opportunities” to expand across the globe. According to Sky News, the group’s board is considering launching the placing as early as this week, with insiders stating that the amount will be “in the…
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25 JanuaryClothing & Shoes
Boohoo acquires Debenhams intellectual property for £55m
Boohoo has announced it has acquired all of the intellectual property assets of Debenhams in a £55m deal. The online fashion retailer expressed its intent to rebuild and relaunch the Debenhams platform, which in result will help further the group’s stated ambition to lead the fashion eCommerce market, and grow…
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22 JanuaryAdvice
Don’t relapse into a brick-and-mortar mentality
Despite vaccines being rolled out and there being some semblance of light at the end of the tunnel, the situation for brick-and-mortar stores this year remains bleak. In-store retail continues to struggle and according to a recent report from The Centre for Retail Research, up to 200,000 in-store jobs could…
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14 JanuaryClothing & Shoes
Boohoo raises guidance as revenue soars
Boohoo has welcomed a period of “strong” trading towards the end of last year, with revenue soaring by 40% to £661m in the four months ended 31 December 2020. In light of this trading performance, it now expects group revenue growth for the financial year to 28 February 2021 to…
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Dec- 2020 -21 DecemberOnline & Digital
Boohoo appoints new auditor after PwC departure
Boohoo has announced that it has appointed PKF Littlejohn as the group’s new auditor, with immediate effect. PKF Littlejohn will replace PwC, who resigned from the role of Boohoo’s auditor in October. Prior to its resignation, PwC had worked as the fast fashion company’s auditor since its inception, back in…
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