Boohoo buys remaining stake in Pretty Little Thing May 28, 2020 Fast fashion retailer Boohoo has today bought the remaining 34 per cent stake in Pretty Little Thing after facing conflict of interest criticisms from a short-seller. The deal is for an initial consideration of £269.8m, with a further £54m of consideration “contingent on Boohoo’s share price averaging 491p per share over a six month period [...]
Fast fashion retailer Boohoo hit by short-seller attack May 27, 2020 Fast fashion retailer Boohoo today denied allegations that it had misled investors following a short-seller attack that saw its share price plunge more than 12 per cent. In a statement this morning the online retailer said it “strongly refutes the allegations” made in a report published yesterday. “Boohoo…notes the recent decline in its share price [...]
Boohoo raises £198m as fashion retailer eyes acquisitions May 15, 2020 Fast fashion retailer Boohoo has raised £198m as it seeks to take advantage of the coronavirus crisis to snap up global brands. Boohoo, which raised the funds through a share placing announced last night, said it would use the proceeds to “take advantage of numerous opportunities that are likely to emerge in the global fashion [...]
Boohoo’s understanding helps it avoid lockdown tears May 6, 2020 Fashion retailer Boohoo operates its namesake brand, menswear edition Boohooman, PrettyLittleThing, Nasty Gal, Miss Pap and high street brands Karen Millen and Coast. Despite its many names Boohoo follows an online-only model, meaning that the nationwide lockdown in response the coronavirus crisis has led to minimal disruption. Boohoo’s chief financial officer reported that customer acquisition [...]
FTSE 100 rises as investors look past tumbling oil prices April 22, 2020 The FTSE 100 has risen as investors look past the chaos in oil markets to signs that the coronavirus outbreak could be peaking and some surprisingly positive company results. Britain’s FTSE 100 stock index closed up 2.3 per cent this afternoon, at 5770.63. It had fallen around three per cent yesterday. European stocks were also [...]
Boohoo suffers coronavirus sales hit after bumper year April 22, 2020 Boohoo Group today posted a huge surge in revenue and profit for the full year but warned the outbreak of coronavirus had hit growth in March. The figures Boohoo’s revenue rose 44 per cent to £1.2bn in the year to the end of February 2020. Pre-tax profit jumped 54 per cent to £92.2m. Net cash [...]
Why the UK’s startup sector is worth saving March 30, 2020 Covid-19 has already destroyed so much. Lives, livelihoods, freedom of movement. For those on the frontlines, whether in the NHS, social care or supermarkets, or in the country’s many sick beds, the battle is fierce. As the dominoes of our economy have tumbled, the government has quickly stepped in. First to safeguard business. Then to [...]
Your road map to the Isa universe: Make the most of your tax-free allowance March 10, 2020 There are just 27 days to go before the tax year ends on 5 April. For savers and investors, that means there are only a few weeks left to make use of their Individual Savings Account (Isa) allowance. Introduced in 1999, Isas allow people to invest up to £20,000 into savings each tax year, and [...]
Watchdog bans ‘overly sexualised’ Pretty Little Thing advert February 5, 2020 Clothing retailer Pretty Little Thing has been censured by the advertising watchdog over a campaign deemed to objectify women. In a Youtube ad seen in October last year, the brand portrayed women wearing lingerie striking “seductive poses” and holding neon bars. A complainant, who believed the ad was overly sexualised and objectified women, challenged whether [...]
Online fashion retailer Sosandar beats expectations as sales soar January 20, 2020 Online fashion brand Sosandar said it expects full-year sales to beat market expectations following soaring growth at the end of last year, avoiding the gloom affecting many high street retailers. The Aim-listed retailer said investment in customer acquisition drove revenue up 136 per cent to £3.8m in the three months to 31 December, exceeding the [...]