REG - boohoo group plc - Trading Update & Directorate Change

BoohooAnnouncement

23/01/2024 07:00

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RNS Number : 5299A  boohoo group plc  23 January 2024

   23 January 2024

 

boohoo group plc

("boohoo" or "the Group")

Trading Update & Directorate Change

 

Trading Update

 

boohoo (AIM: BOO), a leading online fashion group, confirms that trading
remains in line with market expectations, and that it will report final
results for the year ended 28 February 2024 in May.

 

Resignation of CFO

 

boohoo also announces that Shaun McCabe has stepped down from his role as CFO
by mutual agreement and with immediate effect. He has also stepped down from
the Board with immediate effect.

Shaun joined the Board in October 2020 as an independent Non-Executive
Director and as Chair of the Audit and Risk Committees. He was subsequently
appointed CFO in October 2022.

The Board takes this opportunity to thank Shaun for his valued contribution to
the Group during his tenure and wishes him every success for the future.

-ends-

 

 Enquiries
 boohoo group plc
 Pete Templeton, Group Finance Director                                  Tel: +44 (0)161 233 2050
 Mike Cooper, Head of Investor Relations & Corporate Development         Tel: +44 (0)161 233 2050
 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
 Ed Matthews / Harry Le May                                              Tel: +44 (0)20 7029 8000

 HSBC - Joint broker
 Adam Miller / James Hopton                                              Tel: +44 (0)20 7991 8888

 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 2023, the boohoo group had 17 million active customers across all its
brands around the world.

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