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

BoohooAnnouncement

28/11/2022 14:45

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RNS Number : 8207H  boohoo group plc  28 November 2022

 28 November 2022

 

boohoo group plc

 

("boohoo" or the "Group")

 

Strategic Investment in Revolution Beauty Group plc

 

boohoo is pleased to announce that it has recently increased its strategic
investment into Revolution Beauty Group plc ("Revolution Beauty"), amounting
to a direct interest as at 28 November 2022 of 26.47% 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
 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 Capital - Nominated adviser and joint broker
 Andrew Jones / James Edis / Dan Bate               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 / 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 31
August 2022, the boohoo group had 19 million active customers across all its
brands around the world.

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