REG - boohoo group plc - Response to CMA announcement

BoohooAnnouncement

29/07/2022 08:30

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RNS Number : 2355U  boohoo group plc  29 July 2022

FOR IMMEDIATE
RELEASE
29 July 2022

 

 boohoo group plc

 

("boohoo" or the "Group")

 

Response to Competition and Markets Authority announcement

 

boohoo notes the announcement made this morning by the Competition and
Markets Authority ("CMA") regarding an investigation into a number of fashion
retailers, including boohoo, following publication of the Green Claims Code.
The Group will continue to work collaboratively with the CMA and is committed
to providing its customers with accurate information on the products they buy.
boohoo does not intend to comment further on the investigation at this stage.

 

-ends-

 

 Enquiries
 boohoo group plc
 Neil Catto, 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 Capital - Nominated adviser and joint broker
 Nick Cowles / Andrew Jones                                               Tel: +44 (0)161 831 1512
 Benjamin Robertson                                                       Tel: +44 (0)20 3829 5000

 Jefferies - Joint broker
 Philip Noblet / Max Jones                                                Tel: +44 (0)20 7029 8000

 Buchanan - Financial PR adviser                                          boohoo@buchanan.uk.com
 Richard Oldworth / Kim Looringh-van Beeck / 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 2022, the boohoo group had 20 million active customers across all its
brands around the world.

 

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