Disposal of Nasty Gal for $16m
Boohoo Group Plc has completed the sale of the Nasty Gal brand to White Space Group New York, LLC for US$16 million in cash. Nasty Gal generated £12 million in gross merchandise value and £0.4 million in Adjusted EBITDA in FY26, and is considered non-core and not material to the Group. This disposal aligns with Boohoo's strategy to transition to a capital-lite, marketplace-led business model and further strengthens its balance sheet, following the recent £90 million sale of its Sheffield Distribution Centre.
Select text to share a quote on X · sign in to keep highlights & notes in your DEBS notes
Debenhams Group is pleased to announce that it has completed the sale of the Nasty Gal brand, including the global intellectual property rights, to White Space Group New York, LLC, operating as WSG Brands ("WSG"), for a total cash consideration of US$16 million (the "Transaction").
Nasty Gal generated GMV of £12m in FY26 and Adjusted EBITDA of £0.4m. It is non-core and not material to the Group. The Transaction aligns with our strategy of transitioning to a marketplace-led business model that is capital-lite, and further strengthens the balance sheet following the £90m sale of the Group's Sheffield Distribution Centre, announced on 10 September 2026.
Dan Finley, Group Chief Executive Officer, said:
"Our turnaround continues at pace. The disposal of this non-core asset aligns with our strategy and further strengthens the balance sheet following the £90m sale of our Sheffield Distribution Centre."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.