All boohoo articles – Page 3
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Article
Boohoo Q1 revenues rise 32% as U.K., U.S. drive growth
The British fast fashion online retailer Boohoo reported a jump in first-quarter revenues due to strong performances in the U.K. and U.S. as Covid-19 lockdowns persisted, favoring e-commerce. The company reaffirmed its full-year guidance. Group revenues rose by 32 percent to £486.1 million (€564.0m-$684.0m) in the three months ...
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ArticleBoohoo cautious on post-pandemic trade after profit surge
The British fast-fashion e-tailer Boohoo reported annual profits up by more than a third but warned that revenue growth will be weaker and returns will increase in the current fiscal year as the economy returns to normal after the disruption caused by the Covid-19 pandemic. Pre-tax profit for ...
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News briefs
Boohoo buys new London office for £72 million
The British online fashion retailer Boohoo has acquired a new office in Soho, in London’s West End for £72 million pounds (€83m-$99m). Since acquiring the Karen Millen and Coast brands in 2019, the group’s presence in London has grown significantly through organic growth and more recently ...
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News briefsBoohoo adds fourth UK warehouse to expand capacity
Boohoo has acquired access to a fourth warehouse to support its expansion, increasing the British online fast-fashion retailer’s annual sales capacity to more than £4 billion (€4.62bn-$5.5bn) on aggregate. The company has signed a long-term lease on the former Arcadia distribution center site in Daventry, Northamptonshire, which was ...
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ArticleBoohoo drastically reduces U.K. suppliers
The British online fast fashion retailer Boohoo has slashed its domestic supplier network to 78 firms from around 500 as it tries to rebuild its reputation after allegations of poor conditions for workers. The firm acted after an independent review found “endemic” failings at factories making its products ...
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ArticleUK lawmakers call for garment industry watchdog to combat labor abuses
British lawmakers have called for the creation of a garment industry watchdog to stop labor abuses at suppliers to fashion industry retailers such as Boohoo , saying voluntary codes to tackle exploitation are not working. Parliament’s cross-party Environmental Audit Committee (EAC), which has been investigating fashion sustainability for the ...
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ArticleBoohoo reportedly faces U.S. ban over supplier practices
The British fast-fashion retailer Boohoo has been again forced to defend supplier practices after a report said it faces a potential U.S. import ban due to slave labor allegations. The U.S.’ Customs and Border Protection (CBP) has seen enough evidence to start a probe after petitions from lawyer ...
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ArticleBoohoo buys Dorothy Perkins, Burton and Wallis for £25m
The British online fashion retailer Boohoo is buying the Burton , Dorothy Perkins and Wallis brands for £25.2 million (€28.7m-$34.5m), completing the breakup of Arcadia , the retail empire of businessman Philip Green , which had to file for bankruptcy in November 2020. The ...
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ArticleBoohoo in exclusive talks to buy three Arcadia brands
The British fast-fashion online retailer Boohoo is in exclusive discussions with administrators regarding the acquisition of three Arcadia- owned brands: Dorothy Perkins , Wallis and Burton . In a filing with the London Stock Exchange , Boohoo stressed that no deal is guaranteed. The acknowledgement came ...
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ArticleBoohoo, Asos make moves on top U.K. brands
The British online fast fashion retailer Boohoo has acquired all of the intellectual property assets, including customer data and related business information and selected contracts, of the U.K. department store chain Debenhams , which is currently under administration, for £55 million (€75.3m-$69.1m), plus value-added tax, in cash. ...
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ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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ArticleBoohoo lifts revenue guidance as Christmas sales soar
The fast fashion online retailer Boohoo has raised revenue forecasts after a better-than-expected 40 percent surge in pre-Christmas sales. The owner of Nasty Gal, Karen Millen , Oasis and Warehouse now expects revenue to increase by 36-38 percent in the year to Feb. 28, up ...
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News briefsBoohoo appoints PKF Littlejohn as auditor after PwC resignation
Boohoo has appointed PKF Littlejohn as its auditor after the resignation of PwC in October in the wake of a scandal over working conditions at some suppliers to the fast-fashion e-tailer. The company came under scrutiny earlier this year after allegations that workers making Boohoo clothes ...
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News briefs
Ashley and ABG vie for Debenhams and Arcadia
Mike Ashley , the acquisitive boss of Frasers Group who is bidding for Debenhams , the biggest and oldest British department store chain, is reportedly interested now also in some of the assets of Arcadia , the bankrupt fashion retailing group that holds the largest number of concessions in ...
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News briefsBoohoo appoints independent supervisor to monitor supply chain changes
Boohoo has appointed Brian Leveson , a retired senior judge, to provide independent oversight of its Agenda for Change program, launched to deliver “long-lasting and meaningful change” to its supply chain and its business practices. The e-commerce and fashion fashion company came under fire after allegations that it ...
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ArticleBoohoo raises FY guidance on H1 results
The British online fashion group Boohoo has raised full-year forecasts after a better-than-expected 51 percent rise in first-half pre-tax profits to £68.1 million (€74.6m - $87.4m). Sales for the six months to Aug. 30 rose by 45 percent to £816 million (€894.6m - $1.04bn). The company benefited from ...
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News briefs
Boohoo to review UK supply chain as retailers drop brand over pay, conditions scandal
Boohoo , the UK e-tailer and fast fashion brand, has commissioned an independent review of its domestic supply chain and promised to spend £10 million dealing with malpractice after major retailers, including Amazon , Next and Asos stopped stocking its clothes. The review comes as Boohoo ...
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Article
Boohoo buys two brands, Oasis and Warehouse
In the wake of its capital increase, that raised £197.7 million (€220.8m-$248.0m) in gross proceeds on May 15, the U.K. online fashion retailer Boohoo has bought two brands, Oasis and Warehouse , for £5.25 million (€5.9m-$6.6m) from Hilco Capital . The two brands will be integrated onto Boohoo’s platform, ...
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News briefs
boohoo fully acquires prettylittlething.com
boohoo , the UK fashion online retailer, has taken full control of prettylittlething.com (PLT) by buying out its minority shareholders Umar Kamani and Paul Papworth in cash and shares. boohoo is paying an initial consideration of £269.8 million (€300.2m-$332.4m) for the 34 percent it does not ...
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