boohoo group plc Statement re Russia (5398D)

TIDMBOO

RNS Number : 5398D

boohoo group plc

03 March 2022

 
 FOR IMMEDIATE RELEASE   3 March 2022 
 

boohoo group plc - Statement re Russia

("boohoo" or "the Group")

Boohoo is deeply concerned about the tragic developments in Ukraine. Immediately following the invasion, the Group suspended sales to Russia, and also closed its Russian trading websites. Sales made by the Group into Russia are not material, totalling less than 0.1% of Group revenues.

Notice of trading update

The Group will provide a trading update for the three months and twelve months ended 28 February 2022 on 10(th) March 2022.

-ends-

 
 Enquiries 
 boohoo group plc 
 Neil Catto, Chief Financial Officer      Tel: [phone] 
 Alistair Davies, Investor Relations      Tel: [phone] 
 Clara Melia, Investor Relations          Tel: [phone] 
 Mark Mochalski, Investor Relations       Tel: [phone] 
 
 
   Zeus Capital - Nominated adviser and 
   joint broker 
 Nick Cowles / Andrew Jones               Tel: [phone] 
 Benjamin Robertson                       Tel: [phone] 
 
 
  Jefferies - Joint broker 
 Philip Noblet / Max Jones                Tel: [phone] 
 
 
   Buchanan - Financial PR adviser          [e-mail] 
 Richard Oldworth / Kim Looringh-van      Tel: [phone] 
  Beeck / Toto Berger / Sophie Wills 
 

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 31 August 2021, the boohoo group had 19 million active customers across all its brands around the world.

Cautionary Statement

Certain statements included or incorporated by reference within this announcement may constitute "forward-looking statements" in respect of the group's operations, performance, prospects and/or financial condition. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words and words of similar meaning as "anticipates", "aims", "due", "could", "may", "will", "should", "expects", "believes", "intends", "plans", "potential", "targets", "goal" or "estimates". By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions and actual results or events may differ materially from those expressed or implied by those statements. Accordingly, no assurance can be given that any particular expectation will be met and reliance should not be placed on any forward-looking statement. Additionally, forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. No responsibility or obligation is accepted to update or revise any forward-looking statement resulting from new information, future events or otherwise. Nothing in this announcement should be construed as a profit forecast. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any shares or other securities in the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment or investment decisions relating thereto, nor does it constitute a recommendation regarding the shares or other securities of the Company. Past performance cannot be relied upon as a guide to future performance and persons needing advice should consult an independent financial adviser. Statements in this announcement reflect the knowledge and information available at the time of its preparation. Liability arising from anything in this announcement shall be governed by English law. Nothing in this announcement shall exclude any liability under applicable laws that cannot be excluded in accordance with such laws.

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March 03, 2022 05:55 ET (10:55 GMT)