boohoo.com plc (LON:BOO) said today that further to the announcement on 6 February 2017, the Group confirms that court approval has been obtained 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.
Mahmud Kamani and Carol Kane, joint boohoo.com plc 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.”
Keeping one step ahead of the trends or making a subtle style change is easy with boohoo.com plc and with up to 100 new pieces hitting the site every day and a new collection each week, the company never stops – it is 24/7 fashion at its best. From the UK’s best kept fashion secret to one of the fastest growing international retailers, they have quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, it has been pushing boundaries since 2006 to bring its customers all the latest looks for less.
