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The TopShop owner is among parties exploring potential bids for Cult Beauty and Feelunique, Sky News understands.

ASOS, the online fashion retailer, is exploring potential bids for two major online beauty platforms as it continues to diversify its product range beyond clothing.
Sky News has learnt that ASOS is among the possible suitors for Cult Beauty and Feelunique, both of which have been put up for sale by their current owners.
City sources said that a formal bid from the London-listed group for either business remained an uncertain prospect, and that it was only expected to pursue one - if either - of the two targets.
Stock is being cleared by staff at the High Wycombe branches of Topman and Topshop
Image:
ASOS earlier this year bought the Topshop and Topman brands
If one did materialise, however, it would underline ASOS's interest in expanding its presence in the beauty category after revealing in its half-year results in April that face and body product sales had grown by a record 114%.
Both Cult Beauty and Feelunique are working with advisers on sale processes as they seek to capitalise on growing demand from online customers during the coronavirus pandemic.
The two companies could command valuations in the low hundreds of millions of pounds, according to banking sources.
A takeover of either platform by ASOS would represent another important acquisition from the company following its £330m purchase of the TopShop and TopMan brands from the administrators to Arcadia Group earlier this year.

Slipperz, i mentioned right back at beginning of April about Mitch coming in, this was confirmed (not sure why but not by name) in the most recent May results presentation, on that same post i also mentioned Mo Srikanth, Mo was head of Merchandising when he was a Arcadia, this role is critical but very easy to get wrong, if it was a band he'd be the drummer not the lead singer ! Mo over saw all the numbers and intake for the amount of cover they needed, he is a top guy, a massive amount of work that has been going behind the scenes with Merch and the Buying Depts. From now on in you will see the Debs website start to build it's offer, new ranges are hitting down and it won't stop, it will keep coming. Traffic to site and conversion is obvs key, this will play out in Q3/Q4, whilst UK opening up continues it will def have a positive impact but the cherry on top would be if the Sun came out !!!! as a lot of these Brand New Seasonal Ranges are a touch weather sensitive but keep an eye on the Debs website it's only just dipped it's toe in the water.

Moose, agreed, i am trying to stop it, he is obsessed but i'm going to help him, even if he call's out Ollie i'm not going to engage, end of.

Drapers, another bit piece going into the jigsaw.
Boohoo launches recycled collection
The fast fashion brand has launched a new collection which uses 95% recycled polyester.
Boohoo's "Ready for the Future" collection uses 95% recycled polyester and 5% elastane from a UK supplier which is made from plastic that might have otherwise gone to waste.
The etailer's collection includes crop tops, skirts, mini-dresses, cycling shorts, wide-leg trousers and leggings in pale pastel and neutral shades.
Neck labels, swing tags and packaging are all made from recycled products. The range is available now from sizes 8-24 and priced between £10-£20.
The Boohoo Group has pledged that all the polyester and cotton that it uses to make clothes will be recycled or more sustainable by 2025.
This will be applied throughout its brands, which include Pretty Little Thing, Nasty Gal, Coast, Karen Millen, Oasis and Warehouse.

Danman Sachs, I do not comment on this board to encourage people to buy or encourage people to sell, i post on this board info re the Fashion Industry that people are not privy or may have missed eg yesterday BH launched a 95% recycled collection another tick which has probably gone unnoticed.
I get your jealously, it's on sooooo many levels and me being voted poster of the year on here must eat away at you every day and despite many on here telling you to let it go, you can't because i'm in your head and your in my pocket.
You got issues Danman , this quote from you sums it up "@har not obsessed it more like sport" and it's why i won't have a war and piece debate with you on anything, it's futile, if i said black you would say white. I tried reasoning with you a while back but you have so much bitterness it was a waste of time, i can trade insults with you all day long because quite frankly you got zero bants and you're cr#p at it but more importantly it's not what this board is for.
For your mental health i think we should break up, from today try and forget about me, you'll still see me around and i may be with someone else but think of the good times we had not the bad, yes Daman it's over and when we get to £4.50 i maybe gone forever.

Sorry forgot how many pints today.

BtW hows your loss this morning.

Danman, much thanks but can you also please give a shout out to Ollie the Octopus.

Please no one else engage i've got this.

Danman, im here , im here , dont panic. I can confirm that im def invested to make moolar. I stuck it all on black and won, how cool is that !
Dont be so bitter.

PP1 , nice to see u've been taking a step back, don't get drawn in again.

Danman , right ok, this is my method, use it if you want, it's made me great money on Asos /BH so far, it may not be right for you though.
So i base my £4.50 hopecast on all the valuations posted by everyone i rate on here over the last 6 months and add them all up and divide by the amount of people i rate highly and bingo come up with an average, i don't stop there tho no no no, i then ask Ollie the Octopus, I also totally discard any knowledge i have on the trade as i don't think its relevant and don't want to prejudice the value.
Now as it stands today share price is down yet i'm still well up on this share, now i know your sitting at a loss today but i really don't think it's a good time to sell, just calm down a bit and sit on those Hammy balls a bit longer, always said Q3/Q4 so for Gods sake stop panicking, i may not be able to answer your queries straight away but i'll always be here for you.
BTW no one else is bothered what i think, i'm sure they like the insight but as you could see from my cut n past valuations are a personal thing wrapped up by many criteria, or at least should be, only one who cares is you because i'm in your head and your in my pocket.
You've not nailed your price to the mast on this share but as i type it's down to a 2 month low, be strong, you just need to grow some otherwise your gonna run out of pants. TTFN and remember DYOR, oh and how many pints today?

Jesus Danman, your so needy, I'm gone for 5 minutes and you start sh#tting your pants again, you maybe between jobs again and i know i live in your head (where as you live in my pocket , lol) but some of us do work!! Plus last night i was putting my new Beretta 692 through it's paces last night, sheeeeeeee's a beauty.
Now how can i help, did you give me your selling price, as you know i'm at £4.50, as you know made really good money in last year across Asos/BH, i could sell today and walk away with stonking profit but that would be madness still go a way to go and @ £4.50 i'm well into to 6 figs but don;t want to get too greedy.
Sooooo what advice is it your looking for as you seem to be a bit all over the place at mo? Be quick tho as i'm busy!

Danman Sachs, excellent, that's a start, let's hope we don't get anything to make you sh#t your pants like before.

So given your Hammy Balls.

When are you selling ?

Danman Sachs, question , do you currently own shares in Boo Hoo Group ?

Daman Sachs I'm your BIG PICTURE , I'm your VALUE, always looking backwards, all you know is that a statements coming out and get all wet because it means you get an insight and can get your small calculator , till then you sh#t your pants on anything that's not in the statement, wee man sitting in my pocket you can't comment on anything other than me, green eyed monster, you match my Aston LoL. Mitch didn't go to Asos because he was already lined up at BH , he worked with JL at Matalan and Burtons d#ck for brains, oh sorry wasn't it in the statement .LoL

Drapers confirmed yesterday the news that i broke on here a few weeks back that Mitch Hughes has joined BH Group, as, i said at the time he is another quality appointment and will make a difference, he actually joined about 2 weeks ago and his impact on buying floor is already evident. Like a jigsaw its the small pieces that make up the bigger picture and all add to the value of this share as these appointments will turn sentiment. It's extremely difficult to comprehend if your not at the coal face and day to day but the team that is being put together here are some of the best people in the industry they are a new generation that are top of their game and they recognise the opportunities that BH Group has and will drive this business forward to become a real force to be reckoned with in the coming months and years, they are def more dynamic than the likes of Next and will not fail in taking market share from them.
Full article below.
Ex-Topman MD joins Boohoo Group
The former managing director of Topman, Mitch Hughes, has joined Boohoo Group as MD of its Dorothy Perkins, Wallis and Burton brands.
Boohoo Group agreed to acquire Arcadia Group’s Burton, Dorothy Perkins, and Wallis brands for £25.2m in February. The fast fashion giant bought all of the ecommerce, digital assets and associated intellectual property rights, including customer data, business information and inventory, of the three brands.
Boohoo Group acquired department store Debenhams for £55m in January and said the acquisition of Burton, Dorothy Perkins and Wallis would help support the new Debenhams marketplace.
Hughes, who joined Arcadia in 2015 as buying director of Burton, joined Boohoo Group last month.
Boohoo confirmed other former Topshop directors, including Lizzie Dawson, Topshop design director; Gillian Ridley-Whittle, Topshop fashion director; and John Richens, Topshop and Topman's chief operating officer, did not transfer across.
Hughes told Drapers: “I’m really delighted to have joined Boohoo Group. This environment and forward-thinking attitude is exactly what these historic brands need. My team and I are excited and motivated to crack on and deliver the kind of growth the group shared last week. Our new office in Soho gives us a great advantage to attract key talent to deliver this and the possibilities are endless.”

Jesus Daman , how many pints you want !! Ollie says buy and you and your hammy balls are still banging on about platform from what was it pg 19 !!! Get your wallet out fella, you had this share earmarked at a fiver once and that was before all of the new Brands and shiney platform, stopping pi#sing about and get buying, already gone up 2p , goes up another 8p and its right in your DT territory, Friday night takeaway buckshee again for you!!!

Danman seriously, Page 19 awesome told you you'd be on fire now statement has been released but how many times, stop doing the whole retrospective thing. I have an Octopus in the office called Ollie, I use him for share valuations and advice, he is saying tell Miss Marple to buy, he's never had such a good opportunity, now if that isn't an insight in to the valuation i don't know what is!! Even at these levels your balls can take it.

@Danman i'm a bit upset !!!!
The Car isn't arriving till August !!!!! you know what that means, yes your right we miss the BGP, however good news is that AM have given us a demo to go in and also invited us to the Salon Prive!! all's well that ends well !!
I know your still reeling from my cut n paste from literally 5 posts below but i'm just keeping you abreast of your Bigger Picture, ME!
Come on £3.15 you buying in surely value in that for you???

Continuing from below.
Lyttle said: “We’re hoping to have production running by September/October time. We’re just in the final stages of getting our planning permission approved. So, everything is going according to plan there. We’re really excited about that, and will be using it as a model for Leicester garment manufacturing when we open.”
Lyttle said the year did not come without its challenges: “It has absolutely been challenging. If you think back to the beginning of Covid, we weren’t sure we would get our product through, staff were working from home, there were changes in product mix from athleisure to leisure, the nation going into lockdown again, and then celebrating Christmas in lockdown, not being able to have Christmas drinks with your colleagues at work, never mind your office party, and then how you celebrated it with family. It was a really, really difficult year. And on the back of all this you’re trying to protect all of your colleagues and make sure they have a safe work environment.
“It’s been hard work to get to where we got to. But when you look at the numbers, it’s testament to our DNA as a business and our willingness to succeed throughout a pandemic.”
Kane said: “Overall, one of the biggest challenges is to not have a trend and it to be very singular. One of the challenges is the lack of occasions and reason to buy, and for us needing to be creative. It’s not even what customers are buying, but how they’re buying.
“As we go into this season now, denim dresses and midi dresses [are becoming a trend]. Things that you can still layer up. It just shows how the weather affects customers’ decision making.
“Loungewear has had its peak. But it’s a look that is now part of our wardrobe. It will take a break over summer, but it is here to stay.”

Boohoo Group is not actively looking to acquire new brands, but will “never say never” if another opportunity arises, co-founder and executive director Carol Kane told Drapers.

During the year, the group also “successfully integrated and relaunched" Oasis and Warehouse brands onto its multi-brand platform, after acquiring the online businesses and all associated intellectual property in a £5.25m cash deal with Hilco Capital in June 2020.
The Manchester-based business also counts Boohoo, Boohoo Man, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen and Coast among its brand portfolio.
“We’re really, really pleased with the brands,” John Lyttle, Boohoo Group CEO, told Drapers. “Debenhams.com only relaunched on the 12 April, and Dorothy Perkins, Wallis, and Burton at the beginning of last week, but the key now is just building the functionality side, building the stock and the options. But so far, we’re really pleased and really excited.
“The teams are on board fully now. They’ve moved into our new office [in Soho, London], so it’s exciting for those teams to see how we work, and the difference of pureplay online, rather than working for a physical-first retailer. They’re excited about that also.”
He continued: “We’ve done a number of acquisitions at this stage. Not all are the same, but we’ve got a bit of a formula in terms of onboarding, integrating and bringing them alive. The brands are well on board on that process, and it’s just about building from here on now.”
Co-founder and executive director Carol Kane told Drapers the group is “not actively looking” for new brands: “We have got an awful lot to do. It’s just the start of all the brands that we have acquired in the last two years. There are various levels of development, and that’s really our focus now, which is to get them on their journey.
“However, you just never know what could happen. If an opportunity presents itself [we might], but it would be opportunistic. Our strategy isn’t to go out and buy anymore in the coming months. But I won’t say any longer than that because you just never know. Never say never.”
She added: “The plan wasn’t to acquire all of these brands in such a short period of time. It happened because of Covid-19, and the opportunity presented itself. But in a normal time that wouldn’t have happened all at once.”

Last year the Boohoo purchased the 25,000 sq ft site of a former Vauxhall car showroom at Thurmaston Lane, where it plans to open a "model" factory. Boohoo anticipates that the factory will employ up to 85 workers and have the capacity to produce between 20,000 and 25,000 items a week. Construction of the factory is expected to be completed towards the end of this year.
Running out of space to be continued.