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The latest update is out from boohoo group Plc ( (GB:BOO) ).
Boohoo group plc has announced the sale of its London office on Great Pulteney Street, Soho, for £49.5 million to Global Holdings UK Limited. This move is intended to strengthen the company’s balance sheet by disposing of a non-core asset, and part of the proceeds will be used to fully repay a term loan due in August 2025, leaving boohoo with a £125 million revolving credit facility to meet its future needs.
More about boohoo group Plc
Founded in Manchester in 2006, boohoo group is a pioneering online fashion company focused on delivering trendy and inclusive fashion through its various brands, including boohoo, boohooMAN, PrettyLittleThing, Karen Millen, and Debenhams. The company primarily targets the UK and US markets, aiming for sustainable and profitable growth through technology and automation.
YTD Price Performance: -19.19%
Average Trading Volume: 5,736,184
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £426.5M
For an in-depth examination of BOO stock, go to TipRanks’ Stock Analysis page.
