Boohoo snaps up Oasis and Warehouse as first quarter sales surge

Boohoo Carol Kane and Maumud Kamani

Boohoo has acquired the intellectual property of Oasis and Warehouse in a £5.2m deal alongside posting a jump in first-quarter revenue.

The online fashion powerhouse acquired the two brands from Hilco, having bought its former stablemates Karen Millen and Coast last year.

The acquisitions will see Boohoo “integrate Oasis and Warehouse onto its platform, allowing both brands to benefit from the group’s insight, infrastructure, supply chain and operating model” over the course of the coming months.

The online retailer launched a £198m share placing to capitalise on the “numerous M&A opportunities that are likely to emerge in the global fashion industry over the coming months” and said that, alongside its most recent acquisitions including the remaining stake in PrettyLittleThing, it would “continue to appraise opportunities and will update shareholders in due course”.

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