REG - boohoo group plc - Further statement on Revolution Beauty Group plc

BoohooAnnouncement

22/06/2023 08:00

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RNS Number : 5743D  boohoo group plc  22 June 2023

FOR IMMEDIATE
RELEASE
 
        22 June 2023

 

boohoo group plc

("boohoo")

Further statement on Revolution Beauty Group plc

 

boohoo, the beneficial owner of approximately 26.6% of the issued share
capital of Revolution Beauty Group plc ("Revolution Beauty"), provides the
following update to its 19 June 2023 announcement.

 

In addition to the proposed appointments of Alistair McGeorge and Neil Catto,
boohoo is pleased to announce that Rachel Horsefield will be included in the
future independent board appointment process. Rachel most recently worked as
CEO of Beauty at THG plc, and brings with her a wealth of direct relevant
experience and expertise in the beauty sector.

 

boohoo continues to strongly believe that a senior leadership team with the
right retail, e-commerce and consumer brands experience is required to deliver
value for all shareholders and take Revolution Beauty into its next phase,
which must focus on growth.

 

Rachel Horsefield Biography

Rachel will bring significant e-commerce and beauty sector experience to the
reconstituted board. Whilst at THG she held a variety of roles including CEO
of Beauty, Head of e-Commerce and Managing Director of the Prestige Beauty
Division, as well as being a board director from 2018 to 2020. Prior to THG,
Rachel was at Boots where she held a variety of roles within e-commerce.

 

 

-ends-

 Enquiries
 boohoo group plc
 Shaun McCabe, Chief Financial Officer           Tel: +44 (0)161 233 2050
 Alistair Davies, Investor Relations             Tel: +44 (0)161 233 2050
 Clara Melia, Investor Relations                 Tel: +44 (0)20 3289 5520
 Mark Mochalski, Investor Relations              Tel: +44 (0)20 3239 6289

 Zeus - Nominated adviser and joint broker
 Dan Bate / James Edis                           Tel: +44 (0)161 831 1512
 Benjamin Robertson                              Tel: +44 (0)20 3829 5000

 Jefferies - Joint broker
 Ed Matthews                                     Tel: +44 (0)20 7029 8000
 Harry Le May                                    Tel: +44 (0)20 7029 8000

 Buchanan - Financial PR adviser                 boohoo@buchanan.uk.com
 Richard Oldworth / Toto Berger / Verity Parker  Tel: +44 (0)20 7466 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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