Boohoo has wasted no time making good on its plan to snap up distressed fashion brands for a song in the post-pandemic retail landscape.
Just over a month after a £200m share placing to capitalise on the “numerous M&A opportunities that are likely to emerge in the global fashion industry over the coming months” Boohoo has well and truly saddled up for the acquisition trail.
As well as swooping on the remaining stake in Pretty Little Thing last month, the retailer today acquired the brand and intellectual property of Oasis and Warehouse from restructuring firm Hilco for just £5.2m.
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