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Boohoo Group PLC make offer to acquire online businesses Karen Millen & Coast

Boohoo Group PLC (LON:BOO), a leading online fashion group, notes recent media commentary about its interest in Karen Millen and Coast.

The Board today confirmed that it has made an offer to acquire the online business of renowned British brands Karen Millen and Coast, together with all associated intellectual property rights.

The Group believes that the online business of these brands would represent highly complementary additions to its scalable multi-brand platform and extend the Group’s offer as part of its vision to lead the fashion e-commerce market globally.

These discussions may or may not result in agreement of a transaction. A further announcement will be made when appropriate.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.