The transaction is expected to complete on February 9, after which the relevant operations for the three brands will continue as the group integrates them onto its platform in the first quarter of its financial year ending 28 February 2022.
The Boohoo Group's existing cash resources stood at £386.9 million on December 31, 2020, prior to the acquisition of Debenhams for £55 million announced on January 25 this year.
The transaction does not include the HIIT brand and the three brands' retail stores, concessions or franchises.
ALCHEMPro News Desk (DS)
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