REG - boohoo group plc Revolution Beauty Gp - Strategic Investment in Revolution Beauty Group

BoohooAnnouncement

17/08/2022 07:16

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RNS Number : 2946W  boohoo group plc  17 August 2022

 17 August 2022

 

boohoo group plc

 

("boohoo" or the "Group")

 

Strategic Investment in Revolution Beauty Group plc

 

boohoo is pleased to announce that it has recently made a strategic
investment into Revolution Beauty Group plc ("Revolution Beauty"), amounting
to a direct interest as at the close on 12 August 2022 of 7.1% of Revolution
Beauty's issued share capital. The investment builds upon the existing
relationship between boohoo and Revolution Beauty, under which Revolution
Beauty products are sold through several of the Group's direct to consumer
brand websites and its online digital department store, Debenhams. The
investment reflects boohoo's belief in the growth potential of Revolution
Beauty and it intends to be a supportive stakeholder and long-term partner.

 

-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
 Andrew Jones / James Edis                                                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 Group had 20 million active customers across all its brands
around the world.

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