boohoo group plc Trading Update & Directorate Change (5299A)

TIDMBOO

RNS Number : 5299A

boohoo group plc

23 January 2024

 
   23 January 2024

boohoo group plc

("boohoo" or "the Group")

Trading Update & Directorate Change

Trading Update

boohoo (AIM: BOO), a leading online fashion group, confirms that trading remains in line with market expectations, and that it will report final results for the year ended 28 February 2024 in May.

Resignation of CFO

boohoo also announces that Shaun McCabe has stepped down from his role as CFO by mutual agreement and with immediate effect. He has also stepped down from the Board with immediate effect.

Shaun joined the Board in October 2020 as an independent Non-Executive Director and as Chair of the Audit and Risk Committees. He was subsequently appointed CFO in October 2022.

The Board takes this opportunity to thank Shaun for his valued contribution to the Group during his tenure and wishes him every success for the future.

-ends-

 
 Enquiries 
 boohoo group plc 
 Pete Templeton, Group Finance Director      Tel: +44 (0)161 233 2050 
 Mike Cooper, Head of Investor Relations     Tel: +44 (0)161 233 2050 
  & Corporate Development 
 Mark Mochalski, Investor Relations          Tel: +44 (0)20 3239 6289 
 
 
 Zeus Capital - Nominated adviser and 
  joint broker 
 Andrew Jones / James Edis / Dan Bate        Tel: +44 (0)161 831 1512 
 Benjamin Robertson                          Tel: +44 (0)20 3829 5000 
 
 
 Jefferies - Joint broker 
 Ed Matthews / Harry Le May                  Tel: +44 (0)20 7029 8000 
 
 
 HSBC - Joint broker 
 Adam Miller / James Hopton                  Tel: +44 (0)20 7991 8888 
 
 Buchanan - Financial PR adviser             boohoo@buchanan.uk.com 
 Richard Oldworth / Toto Berger / Verity     Tel: +44 (0)20 7466 5000 
  Parker

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 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, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2023, the boohoo group had 17 million active customers across all its brands around the world.

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END

UPDUUARRSNUAUUR

(END) Dow Jones Newswires

January 23, 2024 02:00 ET (07:00 GMT)

Boohoo (AQSE:BOO.GB)
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