boohoo group plc Trading Update

Date : 12/03/2019 @ 7:00AM
Source : UK Regulatory (RNS & others)
Stock : Boohoo Group Plc (BOO)
Quote : 242.8  24.2 (11.07%) @ 4:35PM
Boohoo share price Chart

boohoo group plc Trading Update

TIDMBOO

RNS Number : 4154V

boohoo group plc

03 December 2019

 
 For Immediate Release   3 December 2019 
 
 

boohoo group plc

("boohoo" or "the group")

Trading Update

boohoo group plc, a leading online fashion group, is pleased to confirm that since its half year end, trading has remained strong across its key brands with a record performance across the Black Friday weekend. Both warehouses have had a strong operational performance.

Our new brands, Karen Millen, Coast, and MissPap, have been successfully integrated onto our platform. Initial ranges have been very well received, and we continue to broaden our product ranges as we progress our multi-brand strategy.

The group continues to trade comfortably in line with market expectations and will provide further financial information covering the trading period for the four months to 31 December 2019 on 14 January 2020.

 
 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       Tel: +44 (0)20 3829 
  Broking)                                       5000 
 
 Jefferies - Joint broker 
 Philip Noblet/Max Jones                        Tel: +44 (0)20 7029 
                                                 8000 
 
 Buchanan - Financial PR adviser                boohoo@buchanan.uk.com 
 Richard Oldworth/Kim Looringh-van Beeck/Toto   Tel: +44 (0)20 7466 
  Berger                                         5000 
 
 

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative brand targeting young, value-orientated customers. For 13 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. In March 2019 the group acquired the MissPap brand and in August 2019, the Karen Millen and Coast brands, all complementary to the group's scalable multi-brand platform. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices. These investment propositions have helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 40-year-olds around the world. As at 31 August 2019, the boohoo group had around 13 million active customers 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

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December 03, 2019 02:00 ET (07:00 GMT)

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