boohoo.com plc Acquisition of Nasty Gal (4218W)
09 February 2017 - 6:00PM
UK Regulatory
TIDMBOO
RNS Number : 4218W
boohoo.com plc
09 February 2017
For immediate release 9 February 2017
Acquisition of Nasty Gal
boohoo.com plc
Further to the announcement on 6 February 2017, boohoo.com plc
("the Group") confirms that court approval has been obtained for
the Group to acquire certain intellectual property assets and
customer databases from retailer Nasty Gal Inc. for US$20 million.
The transaction, subject to the satisfaction of customary closing
conditions waivable at the Group's discretion, is expected to
complete on 28 February 2017.
Mahmud Kamani and Carol Kane, joint CEOs, commented:
"We are delighted to have been successful in our bid to acquire
Nasty Gal. It represents an exciting opportunity to accelerate our
international offering and inspire an ever-growing range of young
customers in the US and around the world."
Enquiries
boohoo.com plc
Neil Catto, Chief Financial Tel: +44 (0)161 233 2050
Officer Tel: +44 (0)7748 171236
Clara Melia, Investor Relations
Zeus Capital - Nominated
adviser and joint broker Tel: +44 (0)161 831 1512
Nick Cowles/Andrew Jones Tel: +44 (0)20 3829 5000
(Corporate Finance)
John Goold/Benjamin Robertson
(Corporate Broking)
Jefferies Hoare Govett -
Joint Broker Tel: +44 (0)20 7029 8000
Nick Adams/Max Jones
Buchanan - Financial PR
adviser Tel: +44 (0)20 7466 5000
Richard Oldworth/Madeleine boohoo@buchanan.uk.com
Seacombe/Jane Glover
About boohoo.com
"The voice and style of the social generation"
Keeping one step ahead of the trends or making a subtle style
change is easy with boohoo.com and with up to 100 new pieces
hitting the site every day and a new collection each week,
boohoo.com never stops - it is 24/7 fashion at its best. From the
UK's best kept fashion secret to one of the fastest growing
international retailers, boohoo.com has quickly evolved into a
global fashion leader of its generation. Combining cutting-edge,
aspirational design with an affordable price tag, boohoo.com has
been pushing boundaries since 2006 to bring its customers all the
latest looks for less.
www.boohoo.com www.boohoo.com/newz/page/home de.boohoo.com
www.boohoo.com/europe/page/home se:boohoo.com it.boohoo.com
www.boohoo.com/usa/page/home dk.boohoo.com nl.boohoo.com
www.boohoo.com/canada/page/home no.boohoo.com es.boohoo.com
www.boohoo.com/aus/page/home fr.boohoo.com
About Nasty Gal
Nasty Gal was founded in 2006 and is based in Los Angeles. Nasty
Gal today is recognised as a pioneer in both the curation and
design of women's clothing, shoes, and accessories. The Company has
a global presence in 180 countries and a social media following of
over 3.5 million. For more information, visit the website at
www.nastygal.com.
This announcement has been determined to contain inside
information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
February 09, 2017 02:00 ET (07:00 GMT)