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The Latest Breaking News from Boohoo

Boohoo rebrands as Debenhams amid drop in youth labels’ sales

Chief executive says sales figures are down by more than a fifth but its brands still carry ‘significant potential’

The Guardian - UK

Boohoo rebrands as Debenhams with surprise recovery strategy explained

Other fashion brands owned by the group include Karen Millen and PrettyLittleThing

The Independent UK

Boohoo Group rebrands as Debenhams after overhaul at department store brand

The Boohoo brand will continue, as will other fashion brands owned by the group, such as Karen Millen and PrettyLittleThing.

Evening Standard

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Boohoo renames itself Debenhams in major revival of former department store brand

The Debenhams name dates back to 1778 when William Clark opened a drapers store on Wigmore Street

Evening Standard

The glaring problem with PrettyLittleThing’s rebrand

COMMENT: PrettyLittleThing has got a new look, chasing after the demand for so-called ‘quiet luxury’. But for Katie Rosseinsky, it’s just more evidence of the void at the heart of fast fashion

The Independent UK

Pretty Little Thing might have had a 'clean girl' makeover, but there's no proof it's cleaned up its act

It’s the fashion equivalent of an influencer getting her lip filler dissolved, says India Block

Evening Standard

UK marketplace sellers face ‘second Brexit’ hit from Trump’s US import rules

End of ‘de minimis’ policy for Chinese goods also expected to hit bigger online fashion retailers such as Asos and Boohoo

The Guardian - UK

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Best scrunch bum leggings: Top picks for style and fit

These supportive, sculpting and stylish leggings are made from high-stretch, squat-proof fabrics

Evening Standard

Revolution Beauty warns over sales slump after December trading woes

The embattled cosmetics brand said it had seen ‘sales softness’ over the key Christmas month across its online channels.

Evening Standard

Shares rise as traders try to interpret Trump policies

Stock markets on both sides of the Atlantic rose on Tuesday after the inauguration the day before.

Evening Standard

Boohoo investors reject bid from Frasers to remove co-founder

The online fast fashion firm said 63% of investor votes cast were made against a motion by Frasers to remove co-founder Mahmud Kamani.

Evening Standard

Queen of beige: How Molly-Mae became an unsinkable influencer

LET’S UNPACK THAT: As Molly-Mae Hague gets ready to open up in a new Prime Video documentary, Katie Rosseinsky looks back on her journey from ‘Love Island’ to Gen Z’s most beloved influencer

The Independent UK

Boohoo accuses Frasers of bid to ‘destabilise’ firm at second investor vote

Frasers has called for Mahmud Kamani to be axed from Boohoo’s board at a general meeting set for January 21.

Evening Standard

FTSE 100 edges higher despite UK economy stalling in third quarter

London’s FTSE 100 closed 18.11 points higher, or 0.22%, at 8,102.72.

The Independent UK

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Evening Standard

Boohoo sells London office in Soho for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK

The Independent UK

Boohoo sells London office for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK.

Evening Standard

Wall Street stocks rally at end of choppy week for global markets

It was a mixed session for global stocks as investors continue to digest key economic releases and central bank signals.

The Guardian - UK

Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

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Evening Standard

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Evening Standard

London stocks dip after UK economy contracts

London’s top flight finished 11.43 points, or 0.14%, lower to end the day at 8,300.33.

Evening Standard

Boohoo says Frasers Group can have seat on board – but not Mike Ashley

Boohoo chair Tim Morris said Mr Ashley is ‘not appropriate’ for a board seat because of ‘obvious conflict points’.

The Guardian - UK

Mike Ashley has the right critique of Boohoo. But he doesn’t belong on its board

The online retailer needs a shake-up – but the Sports Direct supremo is far from an unconflicted party

The Guardian - UK

Boohoo wins influential adviser’s support in battle with Mike Ashley

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

Evening Standard

Boohoo gains backing of proxy adviser in boardroom spat with Frasers

Boohoo said Institutional Shareholder Services (ISS) had recommended shareholders vote against the plans on December 20.

Fortune

Retail giant Boohoo’s ex-CEO reportedly quit after being stalked and spied on, underscoring growing fears over executives’ security

Boohoo executives reportedly faced stalking and “corporate espionage,” highlighting the need for security for high-profile corporate bosses.

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