For Immediate Release
7 March 2014

boohoo.com plc
("boohoo" or the "Company")

Announcement of Placing details and Admission to AIM

Successful Placing to raise £300 million
Market capitalisation of £560 million at Placing Price
Trading starts 14 March 2014 on AIM

boohoo, one of the UK's largest pure-play online, own brand fashion retailers, today announces the successful pricing of its initial public offering ("the IPO") and the placing ("the Placing") of 600 million ordinary shares at 50p per share. It is expected that dealings will commence on AIM at 8.00 a.m. on 14 March 2014.

The Company designs, sources, markets and sells the latest on-trend fashions through the www.boohoo.com website to a core market of 16-24 year old consumers. boohoo is a well-established brand in the UK, Ireland and Australia and currently sells its products into over 100 countries.

boohoo is raising gross proceeds of approximately £300 million, £50 million of which will be used to accelerate its expansion and enhance its working capital base. A proportion of the money raised will be used as part of a multi-stage development plan to grow the Company's distribution facilities and repay the outstanding mortgage on its Burnley warehouse, in addition to funding the infrastructure and IT systems to support future international growth. Approximately £240 million will be used to repay the Convertible Loan notes held by the Company's existing shareholders. Following Admission the Board and the Kamani family will hold approximately 44% of the Company's enlarged share capital. On Admission, the Company is expected to have net cash of approximately £50 million.

The Company is expected to join AIM on 14 March 2014 with a market capitalisation at the Placing Price of approximately £560 million.

The Ordinary Shares will trade under the ticker "BOO" and the ISIN number is: JE00BG6L7297. Zeus Capital is acting as NOMAD and Sole Broker to the Company.

Company highlights

· A strong brand identity and competitive position
o Founded in 2006, boohoo has grown rapidly, developing a brand identity and an international online proposition, and now has over 2.3 million active customers, with approximately 140,000 new customers registering on the website per month
o High fashion, high quality and low price products
o Limited number of direct competitors, focused on a similar age group and price point

· Agile supply chain facilitated by a unique 'Trial and Repeat' model
o Trends transferred from catwalk to closet in as little as six weeks
o Low stock cover of just seven to eight weeks

· A successful track record of revenue generation and profit growth
o For the ten months to December 2013, sales increased by 70% to £91.9m and adjusted EBITDA grew 188% to £10.1m (versus £54.1m and £3.5m respectively for the same period in the prior year)
o Exclusively own brand offering, generating gross margins of over 60 per cent

· A highly experienced management team
o Founded by Joint Chief Executives, Mahmud Kamani and Carol Kane, who together have a long history of supplying fashionable clothing, accessories and shoes to high street retailers

· Demonstrated international growth
o Currently operates an English language website for all sales in the UK and globally and a local French language website launched in October 2013
o 37% of sales were international for the ten months to December 2013, growing from £18m to £34m

· A compelling growth market
o The global apparel retail market has grown at an average annual growth rate of 2.8% per annum since 2008 and is expected to be worth £987 billion by 2017. Online retail sales are forecast to take 23.5% of total fashion retail sales by 2016 in the UK
o Expansion of the current product range, will allow boohoo to broaden its appeal, supported by engagement through interactive content and marketing
o The Directors believe that boohoo's exciting growth prospects are underpinned by forecast growth in both the domestic and international online fashion retail markets, the Company's highly efficient sourcing model and a robust infrastructure development plan

Commenting on the announcement, Mahmud Kamani, Joint Chief Executive of boohoo, said:

"We are delighted to announce that our initial public offering has been successful. The placing and Admission to AIM marks a significant step for boohoo as we invest in this exciting growth opportunity underpinned by the rapidly growing online retail market.

We would like to welcome our new shareholders to the Company and look forward to continuing to develop our business providing market leading customer service for on-trend, value led fashion clothing and accessories as a publicly quoted company."

Carol Kane, Joint Chief Executive of boohoo, said:

"boohoo is a lifestyle driven, online destination and the 'go to' for the latest fashion trends at affordable prices. We are confident that our competitive position and growing customer base means that we are well placed to capitalise on the fast growing online fashion retail market. Our success to date, coupled with our exciting expansion plans, makes this an ideal time to bring the Company to AIM."




Enquiries:

boohoo.com plc
Mahmud Kamani, Joint Chief Executive
Carol Kane, Joint Chief Executive
Neil Catto, Chief Financial Officer

c/o Buchanan +44 (0)20 7466 5000
Buchanan - Financial PR adviser
Richard Oldworth
Helen Chan
Gabriella Clinkard

StockMarketWire.com
boohoo.com has agreed to acquire certain intellectual property assets from retailer Nasty Gal Inc for US$20 million.

Nasty Gal filed for Chapter 11 bankruptcy protection in the US on 9 November. Subject to US court approval, to be sought on 5 January. Boohoo's subsidiary, Boohoo F I Limited, will be appointed as the 'stalking horse' bidder for the Nasty Gal brand and customer databases, in accordance with section 363 of the United States Bankruptcy Code.

The group will provide a further update on the proposed transaction on or after this date.

The sale of the Nasty Gal assets will be governed by a court approved bidding process lasting at least 30 days. The group's bid may not result in a transaction if higher or more favourable offers are obtained by Nasty Gal during the auction process.

Jeffries comment yesterday:
"Nasty Gal printed revenue of US$77.1m in the year ended 1 February 2016, including revenue from third-party brands, that are excluded from the proposed transaction. Nasty Gal made a net loss after tax of US$21.0m. And to be clear, the proposed transaction relates to the acquisition of intellectual property assets only and excludes all operating costs. The rationale for BOO. BOO's US business is nascent, but growing rapidly, H117 £15.2m revenue, +93% YoY and appears to be capturing the imagination of US domiciled forward fashion conscious, young consumers. The addition of the Nasty Gal brand and the customer databases, BOO believe, would complement their existing brand portfolio and allow BOO to leverage existing product development, supply and distribution functions to accelerate international growth, particularly in the US, building on BOO’s existing customer reach and product range.
What do we think? We have enjoyed BOO's broader thinking around brand, the extension into Boohoo Kids etc, the addition of the PLT brand and view the Nasty Gal brand as a positive addition to drive BOO harder and faster into the still, remarkably early stage online US forward fashion opportunity.
In terms of consideration, it seems likely that the experience gained in valuing the PLT business will have informed BOO's bid and whilst clearly opportunistic given Nasty Gal's Chapter 11, the brand is complementary, is very much US centric and should BOO be successful through the auction process, the opportunity to accelerate the US business, in particular, we would view as a distinct positive.
That said, something of a first for the Group, the US BOO business has gained real momentum, but incorporating the Nasty Gal brand and customer assets will bring some operational challenge. However, given the operational performance of the senior management team over the last 18 months, the opportunity here seems too good to miss."

Trading statement 10th Jan. Here's fingers crossed that Internet sales did better than Next.

Good luck Balerboy, you have done well with these. Presume you have taken some profit on the way ? I see they retraced 40% a few years ago on poor results. You need a crystal ball. A tough retail market out there.

Asos and Boohoo look to be doing very well

Thanks DC I've tried banking some three times with the thought of buying back at a lower price and three times I've had to buy back at a higher one..... lol. So will wait and see with the next update.

I'm in as well today.

Nasty Gal Acquisition Update
RNS
RNS Number : 6011T
boohoo.com plc
09 January 2017
 
For immediate release
         9 January 2017
                                                                                                                               
Nasty Gal Acquisition Update
boohoo.com plc
 
boohoo.com plc ("boohoo" or "the Group") announced on 28 December 2016 that it had entered into an asset purchase agreement ("the proposed transaction") to acquire certain intellectual property assets and customer databases from retailer Nasty Gal Inc. ("Nasty Gal") for US$20 million. The Group confirms that the US Bankruptcy Court has approved the process for the sale of the Nasty Gal assets.
 
As previously announced, the proposed transaction will be governed by a court approved bidding process. The closing date for bids will be 2 February 2017. The Group's bid may not result in a transaction if higher or more favourable offers are obtained by Nasty Gal during the auction process.
 
If the Group is successful in acquiring Nasty Gal, the proposed transaction will be subject to final approval by the US courts expected on or around 8 February 2017. The Board believes the proposed transaction has the potential to accelerate the Group's international growth, particularly in the US, building on boohoo's existing customer reach and product range across the globe.

thought it all sounded to be going through too easily .... perhaps or even quite likely that more than $20m will need to be put on the table

Trading update

The USA doing particularly well . A very good update.

Was hoping for a nice gain in sp but will settle for a steady rise to 200p.......

Liberum Capital Hold 145.00 120.00 140.00 Reiterates

Beaufort Securities Buy 145.00 - - Reiterates

Shore Capital Buy 145.00 - - Reiterates

N+1 Singer Hold 144.50 135.00 145.00 Reiterates

Investec Buy 144.50 150.00 155.00 Retains

Peel Hunt Buy 144.50 160.00 180.00 Reiterates

Panmure Gordon Buy 144.50 170.00 170.00 Retains

DM - Shares were up 1 per cent, or 1.7p, at 145.2p this session.
Michael Stewart, at Panmure, added: 'Boohoo has released another trading update this morning which exceeds market expectations.
'The stock currently trades on 32x EBITDA. We think this valuation is justified given the strong earnings momentum, the progress and contribution from PrettyLittleThing and the potential acquisition of NastyGal.'


Read more: http://www.thisismoney.co.uk/money/markets/article-4104926/Boohoo-clothes-fly-rack-Christmas-internet-retailer-swoops-Nasty-Gal-US.html#ixzz4VNiWR2rr
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08:50 23/01/2017
Broker Forecast - Peel Hunt issues a broker note on Boohoo.com Plc

Peel Hunt today reaffirms its buy investment rating on Boohoo.com Plc (LON:BOO) and raised its price target to 180p (from 160p). Story provided by StockMarketWire.com

Very large after session buying, would think there will be a holdings rns.

While working undercover at United Creations Ltd, which makes clothes for Boohoo and Missguided, Belal was paid £3.25 per hour for his work, Dispatches reports.

http://www.huffingtonpost.co.uk/entry/channel-4-dispatches-britains-cheap-clothes-investigation-national-living-wage_uk_5885e797e4b0b8867de86378

One week to go for the Nasty Gal acquisition approval.