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Boohoo Group - Enters beauty space with Debenhams acquisition

March 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BOO
  • Price:
  • 363p
My teenage daughters weren’t impressed to see Boohoo, which recently faced modern slavery investigations, mopping up several more fashion brands. These have been funded from existing cash, which stood at £386.9m on 31 December.Bigger of the two deals is Debenhams, including its website (debenhams.com), customer lists and brands (but none of its 124 stores) for £55m.  In the year ended 31 August 20, Debenhams’ online business generated sales of c.£280m across its marketplace (c.£100m), beauty (c.£80m) and own brand fashion (c.£100m). Many investors wouldn’t even have been aware that Debenhams operated a marketplace as it appeared an integral part of their offering but ...

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