REG - boohoo group plc - Settlement Agreement with Revolution Beauty Group

BoohooAnnouncement

18/07/2023 07:15

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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: +44 (0)161 233 2050
 Alistair Davies, Investor Relations                   Tel: +44 (0)161 233 2050
 Mark Mochalski, Investor Relations                    Tel: +44 (0)20 3239 6289
 Clara Melia, Investor Relations                       Tel: +44 (0)20 3289 5520

 Zeus Capital - 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 / 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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