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BOOHOO GROUP PLC

M&A Activity Feb 28, 2017

7524_rns_2017-02-28_7faa5066-4890-4b45-8a28-1865cc1a5397.html

M&A Activity

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National Storage Mechanism | Additional information

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RNS Number : 0250Y

boohoo.com plc

28 February 2017

For Immediate Release 28 February 2017

boohoo.com plc

Nasty Gal Acquisition Completion

Following the announcement on 9 February 2017, boohoo.com plc ("the Group"), the leading online fashion retailer, today announces that it has completed the acquisition of certain intellectual property assets and customer databases from retailer Nasty Gal Inc. ("Nasty Gal") for US$20 million. The transaction will be financed through a combination of the Group's existing cash resources and a new bank debt facility of £12 million. The Group will consolidate Nasty Gal from 1 March 2017.

Enquiries

boohoo.com plc

Neil Catto, Chief Financial Officer

Clara Melia, Investor Relations
Tel: +44 (0)161 233 2050

Tel: +44 (0)7748 171236
Zeus Capital - Nominated adviser and joint broker

Nick Cowles/Andrew Jones (Corporate Finance)

John Goold/Benjamin Robertson (Corporate Broking)
Tel: +44 (0)161 831 1512

Tel: +44 (0)20 3829 5000
Jefferies Hoare Govett - Joint Broker

Nick Adams/Max Jones
Tel: +44 (0)20 7029 8000
Buchanan - Financial PR adviser

Richard Oldworth/Madeleine Seacombe/Jane Glover
Tel: +44 (0)20 7466 5000

[email protected]

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 fr.boohoo.com
www.boohoo.com/europe/page/home www.boohoo.com/sweden/page/home de.boohoo.com
www.boohoo.com/usa/page/home www.boohoo.com/denmark/page/home it.boohoo.com
www.boohoo.com/canada/page/home www.boohoo.com/norway/page/home nl.boohoo.com
www.boohoo.com/aus/page/home es.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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