RE: No buyers!20 Jul 2023 19:02
Let's remember Boohoo grew the Boohoo share price near enough 20 times from 2015 to 2020 by being the cheapest global online fast fashion business.
Sadly Boohoo were undercut by Shein who saved hundreds of millions by not having to pay tariffs into US. And more recently by Temu. Hence why the Boohoo share price has dropped so much because Boohoo is no longer making any profit at present.
If Boohoo can help to grow the REVB share price by 20 times in 5 years ,then that's no mean feat. Boohoo's own investment in REVB would be worth somewhere in the region of £500m. Please let me know if I've got that figure wrong.
Boohoo have the expertise to make sure that REVB grows into the cheapest international online/store beauty and skincare business.