boohoo group plc Settlement Agreement with Revolution Beauty Group (2915G)

TIDMBOO

RNS Number : 2915G

boohoo group plc

18 July 2023

 
   18 July 2023 
 

boohoo group plc

("boohoo")

Settlement Agreement with Revolution Beauty Group plc

boohoo has entered into a settlement agreement ("Settlement Agreement") with Revolution Beauty Group plc ("Revolution Beauty"). The Settlement Agreement, among other things, will result in the reconstitution of the board of Revolution Beauty. boohoo believes the Settlement Agreement is in the best interests of Revolution Beauty and its shareholders. The full terms of the Settlement Agreement have been published via RNS by Revolution Beauty.

-ends-

 
 Enquiries 
 boohoo group plc 
 Shaun McCabe, Chief Financial Officer       Tel: [phone] 
                                              2050 
 Alistair Davies, Investor Relations         Tel: [phone] 
                                              2050 
 Mark Mochalski, Investor Relations          Tel: [phone] 
                                              6289 
 Clara Melia, Investor Relations             Tel: [phone] 
                                              5520 
 
 Zeus Capital - Nominated adviser and 
  joint broker 
 Dan Bate / James Edis                       Tel: [phone] 
                                              1512 
 Benjamin Robertson                          Tel: [phone] 
                                              5000 
 Jefferies - Joint broker 
 Ed Matthews / Harry Le May                  Tel: [phone] 
                                              8000 
 Buchanan - Financial PR adviser             [e-mail] 
 Richard Oldworth / Toto Berger / Verity     Tel: [phone] 
  Parker                                      5000 
 
 

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 28 February 2023, the boohoo group had 18 million active customers across all its brands around the world.

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(END) Dow Jones Newswires

July 18, 2023 02:10 ET (06:10 GMT)