Boohoo news and archive

Frasers Group takes its Boohoo stake to 10 percent

Just hours after once again increasing its holding on Boohoo, Frasers Group has continued to up its stake in the fast fashion group, taking its shares of the company to 10 percent. The British retail giant had first snapped up a stake in Boohoo during June 2023, when it had also secured a 9 percent stake in electrical giant Currys as part of its...

Business

Frasers Group once again ups stake in Boohoo Group

Continuing on in the path to secure larger stakes in its rivals, Frasers Group has once again upped its stake in fast fashion conglomerate Boohoo Group. In its most recent increase, Frasers has taken its shares from 7.8 percent to 9.1 percent. Frasers first snapped up a stake in Boohoo during June 2023, when it had also secured a 9 percent stake...

Business

Boohoo Group taps HSBC Bank as joint corporate broker

Boohoo Group has appointed HSBC Bank as joint corporate broker alongside Zeus Capital and Jefferies International Limited, with immediate effect. The British fashion group announced the news in a brief statement on Monday. A corporate broker is a firm that provides advisory services to companies regarding market conditions and facilitates the...

Business

PrettyLittleThing co-founder buys 3 percent stake in Boohoo

Umar Kamani, the co-founder and former CEO of fast fashion brand PrettyLittleThing, has bought a 3 percent stake in Boohoo Group. PrettyLittleThing was acquired by Boohoo in 2020, and Kamani is the son of Boohoo co-founder Mahmud. The stake acquisition comes after Boohoo’s share price dropped in recent months amid a feud with Revolution Beauty,...

Business

Frasers Group ups stake in Boohoo, again

Just days after its last boost, Frasers Group has once again upped its stake in fast fashion conglomerate Boohoo, increasing its holding from 6.78 percent to just over 7.8 percent. Frasers first snapped up a stake in the Manchester-headquartered company in mid-June, securing a 5 percent holding that made it one of the group’s major shareholders....

Business

Frasers Group increases stake in Boohoo

Frasers Group has upped its holding of shares in Boohoo a month after snapping up an initial stake in the fast fashion giant. In an announcement to the stock market Wednesday, Frasers Group said it increased its stake in the rival group to 6.78 percent, up from the 5 percent it snapped up in June. Boohoo has seen its share price fall sharply in...

Business

Boohoo once again ups stake in Revolution Beauty

Following the settlement of an ongoing rift between the duo, fashion group Boohoo has once again upped its stake in British cosmetics firm Revolution Beauty. Boohoo, which was already a majority shareholder in the beauty label, has now increased its holding from 26.5 percent to just over 27.1 percent. The group first snapped up a stake in...

BusinessFeatured

Boohoo Group and Revolution Beauty reach settlement agreement

Following a long-winded public spat between Revolution Beauty and its majority shareholder Boohoo Group, the duo have now said that a settlement agreement has been reached, which will see the beauty firm’s board implement some major changes. Among the shifts, Revolution’s current non-executive chairman Derek Zissman and its CEO Bob Holt have...

Business

Boohoo credit insurer reportedly slashes cover for suppliers

In the latest round of insurance cuts for fast fashion retailers, it has now been reported that credit insurer Allianz Trade has slashed its coverage for Boohoo suppliers. Cover is understood to have been cut by an average of 50 percent, while some Boohoo suppliers are set to see their coverage cut to zero from September, The Sunday Times...

BusinessFeatured

Revolution Beauty suggests compromise with Boohoo possible in coming days

Following a drawn out public spat between Revolution Beauty and Boohoo, the former has now said that a compromise position “is close and could be reached in the coming days”. A general meeting at Revolution’s offices will be held on August 7, where Boohoo’s proposed board members will be offered as ordinary resolutions. The group is seeking...

Business

Boohoo awards 17.1 million shares to 46 employees

Fast fashion group Boohoo has announced that it has granted over 17 million awarded shares as part of its ongoing Discretionary Share Award Plan. The move is in reference to a total of 17,112,212 ordinary shares, each offered at one pence each and granted to 46 employees. The shares equal 1.35 percent of the company’s current issued share...

BusinessFeatured

Behind the rift: Revolution Beauty vs Boohoo Group

In what seems to have been a tug-of-war that has escalated rapidly, Revolution Beauty and Boohoo Group have been going head-to-head over who is to take control of the British beauty firm after a series of malpractices were found during an independent investigation. The tension between the two has become increasingly public, taking over headlines...