Oasis and Warehouse online businesses acquired by boohoo in £5.25m deal

Fashion retailer boohoo has continued its acquisition strategy with the purchase of two online brands.

The group has announced the acquisition of the online businesses of Oasis and Warehouse from Hilco Capital Limited, for a cash consideration of £5.25m.

The acquisitions are part of a wider growth strategy for the group, and follow its purchase of the remaining 34 per cent minority interest in PrettyLittleThing last month.

John Lyttle, boohoo group plc CEO, commented: “During unprecedented and challenging times, the Group has delivered a very strong trading and operational performance.

“I am proud of how our colleagues and business partners from around the world have responded to ensure that we can safely bring to our customers the latest fashions, great value, fantastic prices and best in class service.

“Whilst there is a period of uncertainty within the markets in which we operate, the Group is well-positioned to continue making progress towards leading the fashion e-commerce market globally.”