boohoo.com plc Completion of Acquisition (2210T)

TIDMBOO

RNS Number : 2210T

boohoo.com plc

03 January 2017

 
 For immediate release   3 January 2017 
 

Completion of Acquisition

boohoo.com plc

Following the announcement on 14 December 2016, boohoo.com plc ("boohoo" or "the Group"), the leading online fashion retailer, today announces that the Group has completed the acquisition of 66% of 21 Three Clothing Company Ltd ("PrettyLittleThing"), paying a cash consideration of GBP3.3 million ("the transaction"). The transaction was on a cash free debt free basis and therefore the final consideration payable remains subject to the agreement of PrettyLittleThing's completion accounts as at 3 January 2017. The Group will consolidate PrettyLittleThing from 3 January 2017.

PrettyLittleThing is a fast growing, international online retail brand, which complements boohoo's own inclusive and innovative brand. The Board expects the transaction to extend the Group's presence in the UK and internationally and enhance the Group's strong growth trajectory.

Enquiries

 
 boohoo.com plc 
  Neil Catto, Chief Financial         Tel: [phone] 
  Officer                             Tel: [phone] 
  Clara Melia, Investor Relations 
 Zeus Capital - Nominated 
  adviser and joint broker            Tel: [phone] 
  Nick Cowles/Andrew Jones            Tel: [phone] 
  (Corporate Finance) 
  John Goold/Benjamin Robertson 
  (Corporate Broking) 
 Jefferies Hoare Govett - 
  Joint Broker                        Tel: [phone] 
  Nick Adams/Max Jones 
 Buchanan - Financial PR 
  adviser                             Tel: [phone] 
  Richard Oldworth/Madeleine          [e-mail] 
  Seacombe/Jane Glover 
 

About boohoo.com

"The voice and style of the social generation"

Keeping one step ahead of the trends or making a subtle style change is easy with boohoo.com and with up to 100 new pieces hitting the site every day and a new collection each week, boohoo.com never stops - it is 24/7 fashion at its best. From the UK's best kept fashion secret to one of the fastest growing international retailers, boohoo.com has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, boohoo.com has been pushing boundaries since 2006 to bring its customers all the latest looks for less.

 
 www.boohoo.com                    www.boohoo.com/newz/page/home      fr.boohoo.com 
 www.boohoo.com/europe/page/home   www.boohoo.com/sweden/page/home    de.boohoo.com 
 www.boohoo.com/usa/page/home      www.boohoo.com/denmark/page/home   it.boohoo.com 
 www.boohoo.com/canada/page/home   www.boohoo.com/norway/page/home    nl.boohoo.com 
 www.boohoo.com/aus/page/home                                         es.boohoo.com 
 

About PrettyLittleThing

Founded in 2012, PrettyLittleThing ("PLT") originated as an accessories only website. It soon saw that its customers wanted to buy top to toe outfits and introduced a clothing range in 2013. Since then PLT has grown into a forward-thinking fashion brand offering killer affordable style to female fashion breakers and makers. The business is all about the right here, right now. PLT doesn't just anticipate trends; it creates them, taking inspiration from the catwalk, celebrities, and influencers, making sure they're available for the customer to shop on PLT's site before they're available anywhere else.

 
 www.prettylittlething.com      ie.prettylittlething.com 
 www.prettylittlething.us 
 www.prettylittlething.com.au 
 

This announcement has been determined to contain inside information.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 03, 2017 09:15 ET (14:15 GMT)