REG - Boohoo Group Plc - Update on Revolution Beauty

BoohooAnnouncement

22/08/2025 10:45

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RNS Number : 4504W  Boohoo Group Plc  22 August 2025

For immediate release
 
                           22 August 2025
 
 

 

boohoo group plc

("Debenhams Group", "Debenhams" or the "Company")

 

Update on Revolution Beauty

 

Following the announcement by Revolution Beauty Group plc ("Revolution")
regarding its conditional fundraise of approximately £15m (the "Fundraise")
Debenhams Group (DEBS.AIM) is pleased to confirm that it has signed an
irrevocable undertaking to support Revolution and intends to subscribe for
shares in the Fundraise proportionate to its entitlement.

 

Debenhams is also pleased to confirm that it is in discussions with Revolution
around establishing a more formal commercial arrangement pursuant to which
Revolution will supply certain Debenhams brands with branded cosmetics under a
licence agreement on an exclusive basis, subject to a royalty payment.

 

Debenhams currently owns 86,346,538 Revolution shares, representing
approximately 27.03% of Revolution's issued share capital.

 

Dan Finley Chief Executive Officer of Debenhams Group, commented:

 

"We are pleased to support Revolution's fundraising as the new team puts in
place its strategic plans, and are excited by the synergies and opportunities
that lie ahead. We see significant potential in collaborating more closely
with Revolution, including through licensing arrangements that will allow
Debenhams' brands to offer exclusive, high-quality cosmetics to our
customers."

 

 Enquiries
 Debenhams Group
 Phil Ellis, Chief Financial Officer         Tel: +44 (0)161 233 2050

 Zeus Capital - Nominated Advisor and Joint Broker
 Nick Cowles / Dan Bate / James Edis         Tel: +44 (0)161 831 1512
 Benjamin Robertson                          Tel: +44 (0)20 3829 5000

 Panmure Liberum - Joint Broker                                    Tel: +44 (0)20 3100 2000

Max Jones / Ailsa MacMaster / Gaya Bhatt

 Sodali & Co - Financial PR Adviser
 Ben Foster / Louisa Henry                                         Tel: +44 (0)20 3984 0114

 

About Debenhams Group

Debenhams Group is an online powerhouse in fashion, home, and beauty, serving
millions of customers across five shopping destinations: Debenhams, Karen
Millen, boohoo, MAN and PLT. Debenhams Group dates back to 1778 when William
Clark, a retail pioneer of the time, opened the UK's first department store.
Today, the Group is home to Debenhams-which was relaunched in 2021 as an
online department store-and  leading online fashion retailers, including
boohoo, PLT, MAN, and Karen Millen.

 

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