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
Established in 2000, the agency was founded with the sole intention of providing quick and efficient travel arrangements to exhibitions throughout the world. Over the years, their reputation has grown, and they now proudly boast an excellent loyal cl...
We are pleased to present an exciting opportunity to acquire a well-established and profitable online retailer that supplies quality furniture accessories used in most homes, Restaurants, Schools, Hotels etc. The Business has come to market as part o...
This is a highly successful retailer of craft beer, wines & spirits, boasting a loyal customer base and a strong online presence. Established in 2015, and offers an extensive selection of premium beverages, exceptional customer service, and a welcomi...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.