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boohoo.com plc (BOO)

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Tuesday 03 January, 2017

boohoo.com plc

Completion of Acquisition

RNS Number : 2210T
boohoo.com plc
03 January 2017
 

For immediate release                

3 January 2017

                                   

Completion of Acquisition

boohoo.com plc

 

Following the announcement on 14 December 2016, boohoo.com plc ("boohoo" or "the Group"), the leading online fashion retailer, today announces that the Group has completed the acquisition of 66% of 21 Three Clothing Company Ltd ("PrettyLittleThing"), paying a cash consideration of £3.3 million ("the transaction"). The transaction was on a cash free debt free basis and therefore the final consideration payable remains subject to the agreement of PrettyLittleThing's completion accounts as at 3 January 2017. The Group will consolidate PrettyLittleThing from 3 January 2017.

 

PrettyLittleThing is a fast growing, international online retail brand, which complements boohoo's own inclusive and innovative brand. The Board expects the transaction to extend the Group's presence in the UK and internationally and enhance the Group's strong growth trajectory.

 

Enquiries

boohoo.com plc

Neil Catto, Chief Financial Officer

Clara Melia, Investor Relations

 

Tel: +44 (0)161 233 2050

Tel: +44 (0)7748 171236

 

Zeus Capital - Nominated adviser and joint broker

Nick Cowles/Andrew Jones (Corporate Finance)

John Goold/Benjamin Robertson (Corporate Broking)

 

Tel: +44 (0)161 831 1512

Tel: +44 (0)20 3829 5000

Jefferies Hoare Govett - Joint Broker

Nick Adams/Max Jones

 

Tel: +44 (0)20 7029 8000

 

Buchanan - Financial PR adviser

Richard Oldworth/Madeleine Seacombe/Jane Glover

 

Tel: +44 (0)20 7466 5000

[email protected]

 

About boohoo.com

"The voice and style of the social generation"

 

Keeping one step ahead of the trends or making a subtle style change is easy with boohoo.com and with up to 100 new pieces hitting the site every day and a new collection each week, boohoo.com never stops - it is 24/7 fashion at its best. From the UK's best kept fashion secret to one of the fastest growing international retailers, boohoo.com has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, boohoo.com has been pushing boundaries since 2006 to bring its customers all the latest looks for less.

 

www.boohoo.com

www.boohoo.com/newz/page/home

fr.boohoo.com

www.boohoo.com/europe/page/home

www.boohoo.com/sweden/page/home

de.boohoo.com

www.boohoo.com/usa/page/home

www.boohoo.com/denmark/page/home

it.boohoo.com

www.boohoo.com/canada/page/home

www.boohoo.com/norway/page/home

nl.boohoo.com

www.boohoo.com/aus/page/home

 

es.boohoo.com

 

 

About PrettyLittleThing

Founded in 2012, PrettyLittleThing ("PLT") originated as an accessories only website. It soon saw that its customers wanted to buy top to toe outfits and introduced a clothing range in 2013. Since then PLT has grown into a forward-thinking fashion brand offering killer affordable style to female fashion breakers and makers. The business is all about the right here, right now. PLT doesn't just anticipate trends; it creates them, taking inspiration from the catwalk, celebrities, and influencers, making sure they're available for the customer to shop on PLT's site before they're available anywhere else.

 

www.prettylittlething.com

ie.prettylittlething.com

 

www.prettylittlething.us

 

 

www.prettylittlething.com.au

 

 

 

This announcement has been determined to contain inside information. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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