Last checked at 15 Mar 2019 07:00
For Immediate Release | 15 March 2019 |
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boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries the "Group" or "boohoo group")
Board Update
Further to its announcement on 17 September 2018, boohoo group, the leading online fashion retailer, confirms that John Lyttle has joined as Chief Executive Officer with effect from today, 15 March 2019.
John joins boohoo following an eight year tenure as Chief Operating Officer of Primark Stores Limited, a division of Associated British Foods plc, and one of Europe's fastest growing and most profitable retail businesses. His appointment is a key constituent of the Group's strategy in positioning for its next stage of its growth, and coincides with Mahmud Kamani and Carol Kane, previously both Joint Chief Executives, assuming the roles of Group Executive Chairman and Group Co-Founder and Executive Director respectively. As previously announced, Peter Williams has stepped down from his role as non-executive Chairman with effect from today.
The search process to recruit two new independent non-executive Directors is progressing well. A further announcement will be made on appointment of the successful candidates in due course.
The Group's next scheduled update is on Wednesday 24 April 2019, when it will announce its final results for the year ended 28 February 2019. An analyst meeting will be held at 9.30am at Buchanan's offices, 107 Cheapside, London, EC2V 6DN. For further details and registration, please contact Buchanan on boohoo@buchanan.uk.com.
Enquiries | |
boohoo group plc | |
Neil Catto, Chief Financial Officer | Tel: +44 (0)161 233 2050 |
Alistair Davies, Investor Relations | Tel: +44 (0)161 233 2050 |
Clara Melia, Investor Relations | Tel: +44 (0)20 3289 5520 |
Zeus Capital - Nominated adviser and joint broker | |
Nick Cowles/Andrew Jones (Corporate Finance) | Tel: +44 (0)161 831 1512 |
John Goold/Benjamin Robertson (Corporate Broking) | Tel: +44 (0)20 3829 5000 |
Jefferies Hoare Govett - Joint broker | |
Nick Adams/Max Jones | Tel: +44 (0)20 7029 8000 |
Buchanan - Financial PR adviser | boohoo@buchanan.uk.com |
Richard Oldworth/ Sophie Wills/ Maddie Seacombe/ | Tel: +44 (0)20 7466 5000 |
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, the group started life as boohoo.com, an inclusive and innovative brand targeting young, value-orientated customers. For over 12 years, boohoo has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions into menswear through boohooMAN.
In early 2017 the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing, and free-thinking brand Nasty Gal. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices. This investment proposition has helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 30-year-olds around the world. Today the boohoo group sells to over 11 million customer accounts across all its brands around the world.