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- 2020 -17 JuneClothing & Shoes
Boohoo snaps up Oasis and Warehouse
Boohoo has acquired the online businesses of Oasis and Warehouse, following a £5.25m cash transaction with Hilco Capital Limited. The fashion group said the brands would be a “complementary” addition to its current portfolio, and it will now work to integrate them onto its platform in the coming months. The…
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11 JuneComment
Retail experience will never be the same
While COVID-19 has had a devastating impact on the UK’s retail sector, it should not come as a surprise to see the high street in peril. Even prior to the outbreak, retailers had endured a torrid twelve months – a poor Christmas period had led into a traditionally weaker opening…
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1 JuneClothing & Shoes
Boohoo faces $100m US lawsuit over fake promotion claims
Boohoo is reportedly facing a $100m (£81m) civil lawsuit from a US law firm over claims it misled shoppers over running sales promotions based on “fake” prices. According to The Telegraph, the lawsuit is being brought forward from Californian firms Almadani Law and AI Law which have accused the retailer…
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May- 2020 -28 MayClothing & Shoes
Boohoo buys out Pretty Little Thing
Boohoo has announced the acquisition of the remaining 34% of shares in Pretty Little Thing (PLT) from minority shareholders, in a deal that could potentially rise to £323.8m. News of the acquisition closely follows a recent share slide after a short-selling note, issued on 26 May, which alleged that the…
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15 MayClothing & Shoes
Boohoo secures £200m through share placing
Boohoo confirmed it has successfully raised almost £200m in funding following the placing of 58 million shares. The online retailer raised £197.7m through the successful placing of 58,140,591 shares at 340p per share, in a placing led by investment banking boutique Zeus Capital. Following the fundraise, Boohoo will have an…
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5 MayPeople Moves
JD Sports blocks director appointment at Boohoo
Sportswear giant JD has reportedly blocked non-executive director Kath Smith from joining online fashion retailer Boohoo in the same role. The online fashion group announced the appointment of Smith last month, effective from 1 May. Boohoo’s group CEO Mahmud Kamani had said: “Her commercial insight will be a great asset…
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Apr- 2020 -22 AprilOnline & Digital
Boohoo reports 54% rise in pre-tax profits in FY results
Online fashion retailer Boohoo has reported a 54% rise in pre-tax profit to £92.2m compared with £59.9m last year. In its full year results ended 29 February 2020, Boohoo reported a 44% increase in revenues to £1.2bn compared with £857m in the same period in 2019. Gross profit increased by…
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15 AprilComment
Will Boohoo’s bubble soon burst?
It’s fair to say that Boohoo was the success story of 2019. It achieved staggering growth and is now worth more than Marks and Spencer – an incredible achievement for a relatively nascent brand. But, as it continues its market domination, you do have to wonder when the good news…
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Mar- 2020 -4 MarchTips
Diving deeper into fall 2020’s menswear trends – what to know
Utility Clothing is Still Hot Businesses should refresh the design for the usual palette of khaki, olive, and tapenade colours and incorporate lighter and neutral tones to clothing. Premium brands can use simple leather ideas from Dior Homme for inspiration. For industrial designs, Y-Project attempts to take an alternative route…
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Jan- 2020 -28 JanuaryHigh Street
Over 31,000 retailers report signs of ‘significant financial distress’
The number of retail businesses in “significant financial distress” grew to 31,615 in the fourth quarter of 2019, according to research by corporate restructuring firm Begbies Traynor. The firm also reported a 8% year-on-year increase in the number of online retailers facing financial distress. Begbies Traynor’s Red Flag Alert research,…
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