Settlement Agreement with Revolution Beauty Group

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.

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Enquiries
boohoo group plc
Shaun McCabe, Chief Financial Officer		Tel: [phone]
Alistair Davies, Investor Relations		Tel: [phone]
Mark Mochalski, Investor Relations		Tel: [phone]
Clara Melia, Investor Relations		Tel: [phone]
Zeus Capital - Nominated adviser and joint broker
Dan Bate / James Edis		Tel: [phone]
Benjamin Robertson		Tel: [phone]
Jefferies - Joint broker
Ed Matthews / Harry Le May		Tel: [phone]
Buchanan - Financial PR adviser		[e-mail]
Richard Oldworth / Toto Berger / Verity Parker		Tel: [phone]

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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