Boohoo an online store that enables shoppers to choose and buy from a range of clothing, accessories, and footwear appoints Brian Small as deputy chairman after record revenues as the store growth for the financial year to 29th February 2020 is expected to be 40-42 per cent, ahead of the firm’s previous guidance of 33-38 per cent.
The recorded revenue is £232.6 million at Boohoo, £190.8m at PrettyLittleThing and £41.5m at Nasty Gal.
Boohoo was founded in 2006 by Mahmud Kamani and Carol Kane who worked together for over 20 years supplying high street retailers.
Mahmud an entrepreneur and industry veteran with more than 30 years experience in fashion and the clothing industry, provides expertise encompassing all areas of the supply chain from sourcing, import and wholesale.
Carol oversees the Group’s product, marketing and brand strategy across the UK and internationally and has worked in the fashion industry throughout her career, initially as a designer and then as a fashion buyer.
Small who previously served for 15 years as CFO of JD Sports and held various executive positions at businesses including Intercare Group and Knightlow Group is an existing independent non-executive director at the Manchester-headquartered fast fashion giant and currently serves as chair of the listed group's audit committee.
As Deputy chairman, Small will continue to perform his current duties until the financial accounts for FY 2019/20 are finalised and published and a replacement has been appointed.
According to John Lyttle who took up the role as CEO in March 2019. The Groups' brands have performed exceptionally well and delivered strong market share gains and have continued to see operating leverage in the more established brands and increased growth in the newly-acquired brands.
Boohoo an online store that enables shoppers to choose and buy from a range of clothing, accessories, and footwear appoints Brian Small, an independent non-executive director as deputy chairman after record revenues and continued growth in line with the groups strategy to build multi-brand platform targeting different markets for the group.