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Boohoo “successful” in bid for acquiring Nasty Gal

Mahmud Kamani and Carol Kane, joint CEOs, commented: “We are delighted to have been successful in our bid to acquire Nasty Gal. It represents an exciting opportunity to accelerate our international offering and inspire an ever-growing range of young customers in the US and around the world.“

Further to the announcement on 6 February 2017, boohoo.com plc LON: BOO confirms that court approval has been obtained for the Group to acquire certain intellectual property assets and customer databases from retailer Nasty Gal Inc. for US$20 million. The transaction, subject to the satisfaction of customary closing conditions waivable at the Group’s discretion, is expected to complete on 28 February 2017.

 

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