Boohoo retailer considers sale

Tue, 18 Jun 2013 | BUSINESS SALE

Online clothing retailer Boohoo is thought to be considering selling its business following news of solid growth.

Reports from the Independent revealed that private equity and advisory firm Zeus Capital has been hired to help the company explore its strategic options, included among these is a sale. The paper also found suggestions that Zeus Capital's private equity arm is an investor in Boohoo, although this could not be verified.

Based in Manchester, Boohoo was established seven years ago but has only recently come into play as a major competitor within the market. Asos remains its strongest rival and Boohoo's revenues are dwarfed by those of its competitor, although Boohoo did manage to claim the 'Best Online Retailer' award from ITV's Lorraine's High Street Fashion Awards.

The firm has managed to grow its pre-tax profits a noteworthy 79 per cent to £248,790 in the year to the end of February 2012. Its latest posted accounts also show that sales are up to £29 million.

The business was started by its current chief executive, Mahmud Kamani, who established the business with co-chief executive Carol Kane in 2006. It has about 500 employees at the moment.

Related news:
Online clothing retailer Coggles in administration
Hotter Shoes retailer steps up its expansion
View the latest retail businesses for sale

Share this article

Latest Businesses for Sale

Transport & Storage Company
Essex, South East, UK

Well established and reliable. Industry knowledge and experience. Dedicated and professional staff in place. The business for sale specialises in keeping belongings safe. Customer-focused and highly reliable, the company work to provide professional...

Asking Price: £349,950
Turnover: £630,000


Latin Themed Bar & Restaurant
Darlington, County Durham, UK Wide

Well-established and well-respected. Award-winning cocktails and menu. Loyal customer base. Fully renovated and large premises. 5-Star hygiene rating. The business boasts a loyal customer base and minimal competition in the area due to its unique sty...

Asking Price: £110,000
Turnover: £300,000


Sicilian Restaurant
Surrey, South East, UK

Treasured Sicilian café/restaurant idolised in the area for their charming décor and delectable food. This is a superb opportunity for the right buyer to walk into a fully operational business with loyal customers and a quaint restaurant floor. Ideal...

Asking Price: £200,000
Turnover: £350,000


View more businesses for sale

News Search

Latest News


Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...


Aldo UK falls into administration | ADMINISTRATION

Footwear retailer Aldo UK has entered into administration du...


Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Fashion retailer Boohoo grabs majority stake in Pretty Little Thing | BUSINESS SALE

Online retailer Boohoo has acquired a majority stake in fell...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources