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Looks like Jeremy might be jumping the gun

Boohoo puts £72m London office up for sale amid turnaround struggles

Retailer willing to offload Soho base at £12m loss as it battles to shore up balance sheet

Farcical now tries to gaslight the wording "ftse" which is coined to refer to the "ftse 100"

Mind boggling indeed

Boohoo Group Ennismore Fund Management Limited 1.55% 0.14% 6 Aug 2024.

Bfd please stop with the twisting of words

Hexam also commented similar earlier I do recall

"Ftse near 2% up is it not?"

Quoted when it was approximately 1.8% up.

How odd you try and even twist that

Bizarre indeed

Ermmm so the recent tanking in indicies was only on Aim was it bfd?

I give up as twists if to suit.

My view again bfd which I'm entitled to.

"Call it risk off on risky stocks"

Ftse near 2% up is it not?

USA markets up is it not ?

And this Aim "risk" is what exactly.

Folk piling in in droves Bfd sending it flying?

Carry on bfd

Not point discussing with one who is so blinkered

Enjoy as this sits sub 30p and the main indices move north .

Call it risk off on risky stocks.

Ftse flying

Over the pond up

And this?

Something just ain't right here

30p could well become the new 40p.

Not exactly bounced hard sub 30p currently imv

We shall see

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Boohoo Group explores sale of London office amid refinancing talks

By Jonathan Easton 07/08/2024

Fashion retailer Boohoo Group is reportedly considering the sale of its London office in Soho, just three years after purchasing the property for £72 million.

The potential sale comes as the company faces discussions about refinancing options for its debt.

According to a report from Drapers, Boohoo is in talks with prospective buyers for the 43,963 sq ft office block located at 10 Great Pulteney Street. The five-storey building, which houses between 400 and 500 employees, is home to several of Boohoo's London-based brands including Karen Millen, Coast, Oasis, Debenhams, Dorothy Perkins, Burton, and Wallis.

While the exact listing price remains unclear, it is believed that Boohoo is pursuing a sale and leaseback transaction, allowing the company to remain in the building. The property was reportedly marketed for around £60 million last year.

The office currently features a Debenhams beauty showroom on the ground floor, opened in September 2023. Plans are also in place to introduce a new 6,000 sq ft group showroom in the coming months, following the closure of a smaller space on Great Portland Street earlier this year.

This potential sale comes at a time when Boohoo's lenders have reportedly brought in advisers from FTI Consulting to discuss refinancing options for the business. The company's latest annual report shows that Boohoo Group has a £325 million unsecured revolving credit facility, with £75 million due next year and £250 million in 2026.

The fashion group has faced challenges in recent years, including a redundancy consultation with 100 London staff in January 2023 as it consolidated several brands under the Debenhams umbrella.

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You see their you go again Bfd demonstrating your utter frustration at your investmant as though its the responsibility of others

Very sensitive aren't we

Clear "history" and search it if want to read the article.

JeremyP don't half just fly stuff out off the cuff

Why commercial property values have hit the floor

https://www.thetimes.com/business-money/companies/article/why-commercial-property-values-have-hit-the-floor-vhlfxwzv2

"Not a chance" and tying that to Boo not exactly cast iron is it.

Fair to say a likely "dead cat" if this resumes south this week

"Price anchoring"?

The new reporting fad ...didn't pipe just mention 22p earlier in relation to "charts" and thus it got reported.

Composed himself very well indeed and being his circa paper loss , he is not getting personnel with posters with differing views .....Respect!!!

Commendable poster indeed !!

Fair play to Reardon for coughing up a seemingly honest average.....refreshing indeed even though I'm bearish..

You can measure on here as to who tell massive whoppers as to top ups by their attitude when it drops shouting at everyone and frankly being rather abusive being somebody disagrees with price direction

Reardon seems incredibly honest to me

Trying not to laugh at that one.

Carry on by all means

Atlesst Reardon seems straight up with the top ups unlike yourselfs

Freely admits could get into trouble .

Big difference imv and credit to them