TIDMBOO

RNS Number : 5743D

boohoo group plc

22 June 2023

FOR IMMEDIATE RELEASE 22 June 2023

boohoo group plc

("boohoo")

Further statement on Revolution Beauty Group plc

boohoo, the beneficial owner of approximately 26.6% of the issued share capital of Revolution Beauty Group plc ("Revolution Beauty"), provides the following update to its 19 June 2023 announcement.

In addition to the proposed appointments of Alistair McGeorge and Neil Catto, boohoo is pleased to announce that Rachel Horsefield will be included in the future independent board appointment process. Rachel most recently worked as CEO of Beauty at THG plc, and brings with her a wealth of direct relevant experience and expertise in the beauty sector.

boohoo continues to strongly believe that a senior leadership team with the right retail, e-commerce and consumer brands experience is required to deliver value for all shareholders and take Revolution Beauty into its next phase, which must focus on growth.

Rachel Horsefield Biography

Rachel will bring significant e-commerce and beauty sector experience to the reconstituted board. Whilst at THG she held a variety of roles including CEO of Beauty, Head of e-Commerce and Managing Director of the Prestige Beauty Division, as well as being a board director from 2018 to 2020. Prior to THG, Rachel was at Boots where she held a variety of roles within e-commerce.

-ends-

 
 Enquiries 
 boohoo group plc 
 Shaun McCabe, 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 
 Mark Mochalski, Investor Relations        Tel: +44 (0)20 3239 6289 
 
 
 Zeus - Nominated adviser and joint 
  broker 
 Dan Bate / James Edis                     Tel: +44 (0)161 831 1512 
 Benjamin Robertson                        Tel: +44 (0)20 3829 5000 
 
 
 Jefferies - Joint broker 
 Ed Matthews                               Tel: +44 (0)20 7029 8000 
 Harry Le May                              Tel: +44 (0)20 7029 8000 
 
 
 Buchanan - Financial PR adviser           boohoo@buchanan.uk.com 
 Richard Oldworth / Toto Berger / Verity   Tel: +44 (0)20 7466 5000 
  Parker

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 28 February 2023, the boohoo group had 18 million active customers across all its brands around the world.

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June 22, 2023 03:00 ET (07:00 GMT)

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