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So much for the Boohoo boycott. Consumer wokery must be as flimsy as the company’s clobber, at least to judge by the full-year figures: sales up 41 per cent to £1.75 billion, with pre-tax profit up 35
Cairn bonus move, Lyttle and large and the Texit dividend Business Today: the best news, analysis and comment from The Irish Times business desk about 2 hours ago Shareholders in Cairn Homes are being urged by a leading advisory company on corporate governance to vote against a move to include chief executive Michael Stanley in a long-term executive share bonus plan this year, ahead of schedule. Joe Brennan reports. Offaly man John Lyttle, chief executive of UK-listed online fashion retailer Boohoo, remains on course to pick up the largest corporate bonus ever awarded to an Irish executiv...
Online retailer’s share price falls 2% even though annual revenues rise 41%
Boohoo will ‘never say never’ to acquiring new brands Boohoo Group is not actively looking to acquire new brands, but will “never say never” if another opportunity arises, co-founder and executive director Carol Kane told Drapers. Boohoo Group acquired Arcadia Group’s Burton, Dorothy Perkins and Wallis brands for £25.2m in February, after acquiring department store Debenhams for £55m in January. During the year, the group also “successfully integrated and relaunched" Oasis and Warehouse brands onto its multi-brand platform, after acquiring the online businesses and all associat...
Online fashion giant Boohoo today revealed a 41% surge in sales it raked in huge sims on the back of the online shopping boom during lockdown with Britons spending millions on lounge and sportswear while stuck at home. The retailer, founded by billionaire Mahmud Kamani, said revenues jumped to £1.74 billion in the year to February 28 2021 from £1.23 billion in the previous year. The fast fashion retailer, which recently bought Debenhams, Dorothy Perkins, Burton and Wallis and was rocked by the Leicester sweatshop scandal, told shareholders on Wednesday morning that pre-tax profits were ...