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boohoo group plc (BOO)

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Friday 15 March, 2019

boohoo group plc

Board Update

RNS Number : 9466S
boohoo group plc
15 March 2019
 

For Immediate Release

15 March 2019

 

 

 

boohoo group plc

 

("boohoo" or the "Company" and together with its subsidiaries the "Group" or  "boohoo group")

 

Board Update

 

 

Further to its announcement on 17 September 2018, boohoo group, the leading online fashion retailer, confirms that John Lyttle has joined as Chief Executive Officer with effect from today, 15 March 2019.

John joins boohoo following an eight year tenure as Chief Operating Officer of Primark Stores Limited, a division of Associated British Foods plc, and one of Europe's fastest growing and most profitable retail businesses. His appointment is a key constituent of the Group's strategy in positioning for its next stage of its growth, and coincides with Mahmud Kamani and Carol Kane, previously both Joint Chief Executives, assuming the roles of Group Executive Chairman and Group Co-Founder and Executive Director respectively. As previously announced, Peter Williams has stepped down from his role as non-executive Chairman with effect from today.

The search process to recruit two new independent non-executive Directors is progressing well. A further announcement will be made on appointment of the successful candidates in due course. 

The Group's next scheduled update is on Wednesday 24 April 2019, when it will announce its final results for the year ended 28 February 2019. An analyst meeting will be held at 9.30am at Buchanan's offices, 107 Cheapside, London, EC2V 6DN. For further details and registration, please contact Buchanan on [email protected].

 

Enquiries


boohoo group plc


Neil Catto, Chief Financial Officer

Tel: +44 (0)161 233 2050

Alistair Davies, Investor Relations

Tel: +44 (0)161 233 2050

Clara Melia, Investor Relations

Tel: +44 (0)20 3289 5520



Zeus Capital - Nominated adviser and joint broker


Nick Cowles/Andrew Jones (Corporate Finance)

Tel: +44 (0)161 831 1512

John Goold/Benjamin Robertson (Corporate Broking)

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

[email protected]

Richard Oldworth/ Sophie Wills/ Maddie Seacombe/

Tel: +44 (0)20 7466 5000



 

About boohoo group plc

 "Leading the fashion eCommerce market"

Founded in Manchester in 2006, the group started life as boohoo.com, an inclusive and innovative brand targeting young, value-orientated customers. For over 12 years, boohoo has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions into menswear through boohooMAN. 

 

In early 2017 the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing, and free-thinking brand Nasty Gal. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices. This investment proposition has helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 30-year-olds around the world. Today the boohoo group sells to over 11 million customer accounts across all its brands around the world. 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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