Boohoo.com raises £50m for ‘super warehouse’ as first-quarter sales double
Manchester-based online fashion retailer boohoo.com has announced a huge increase in first-quarter sales - up 106% on last year - and raised a further £50m on the stock market, while its founders have sold £80.5m worth of shares.
Group revenue hit £120.1m for the three months to the end of May 2017 (2016: £58.2m), with £86.4m from Boohoo.com, £30.7m from Pretty Little Thing, and £2.8m from Nasty Gal. Gross margins stood at 54.2%.
The company now expects full year revenue to February 2018 to be 60% ahead of its previous ex... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...