boohoo group plc Board Update (9466S)
March 15 2019 - 3:01AM
UK Regulatory
TIDMBOO
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
boohoo@buchanan.uk.com.
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 Tel: +44 (0)161 831 1512
Finance)
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20 3829 5000
Broking)
Jefferies Hoare Govett - Joint broker
Nick Adams/Max Jones Tel: +44 (0)20 7029 8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth/ Sophie Wills/ Maddie Tel: +44 (0)20 7466 5000
Seacombe/
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 rns@lseg.com or visit www.rns.com.
END
BOAEAXDLFAXNEFF
(END) Dow Jones Newswires
March 15, 2019 03:01 ET (07:01 GMT)
Boohoo (LSE:BOO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Boohoo (LSE:BOO)
Historical Stock Chart
From Apr 2023 to Apr 2024