Boohoo Group
DEBS · AIM · Retail · mcap £393m · 25.4p 4 open situations →
Open · 4
Disposals and warehouse exits
Part of Marketplace turnaround – H1 growth accelerated; marketplace mix 38.9%
Warehouse consolidation into Sheffield completed by 30 Mar 2026, and the US distribution centre was subleased to ID Logistics on 12 Jun 2026. The £90m Sheffield sale to Primark (announced 10 Sep 2026) and the Nasty Gal sale for $16m (announced 15 Sep 2026) are confirmed completed in the 17 Sep 2026 update. Stocked-product fulfilment moves to a 3PL, and net debt is expected to be negligible at year end. Burnley remains.
- Interest saving
- At least c.£10m in FY28 on current facility; potential further cut with new facility 17 Sep 2026 ↗
- Net debt at 28 Feb 2026
- £93.2m, 1.75x Adjusted EBITDA 10 Sep 2026 ↗
- Net debt 28 Feb 2026
- £93.2m, 1.75x Adjusted EBITDA 15 Sep 2026 ↗
- New proceeds
- US$16m cash from Nasty Gal sale, 15 Sep 2026 15 Sep 2026 ↗
- Earlier proceeds
- £90m from Primark for Sheffield DC 15 Sep 2026 ↗
- Sheffield disposal
- £90m automation sale and lease assignment, completed; 3PL cost to fulfil no more expensive than Sheffield 17 Sep 2026 ↗
Next: Net debt negligible at February 2027 year end · 28 Feb 2027
- 17 Sep 2026 Sheffield and Nasty Gal sales completed
- 15 Sep 2026 Further disposal proceeds; net debt target negligible
- 10 Sep 2026 Net debt target tightened to negligible
- 14 Jul 2026 Deleveraging reiterated; disposals and licensing floated
1 director buying
- 22 Sep 2026 Tom Handley £100k
Marketplace turnaround
Includes Disposals and warehouse exits – Sheffield and Nasty Gal sales completed
Turnaround to an asset-lite marketplace model, open since 27 Nov 2025. FY26 Adjusted EBITDA was £53.3m, and on 10 Sep 2026 Q2 GMV growth accelerated. The 17 Sep 2026 H1 update showed GMV +1.8%, Debenhams brand +14.1%, marketplace mix 38.9%, Adjusted EBITDA +13.9% to £24m. FY27 guidance of no less than £59m is reiterated.
- Q2 trading
- GMV growth accelerated in Q2 after return to growth in Q1 10 Sep 2026 ↗
- Fulfilment
- 3PL agreement to scale Delivered by Debenhams beyond fashion 10 Sep 2026 ↗
- H1 GMV
- £864m, +1.8%; Q1 +0.5% accelerating to Q2 +2.9% 17 Sep 2026 ↗
- Marketplace mix
- 38.9% (H1 FY26: 32.7%); ambition well over 50% of GMV 17 Sep 2026 ↗
- H1 Adjusted EBITDA
- £24m, +13.9%; reported EBITDA £20m (H1 FY26: -£3m) 17 Sep 2026 ↗
- FY27 guidance
- Adjusted EBITDA no less than £59m, double-digit growth, in line with consensus 17 Sep 2026 ↗
Next: Year-end FY27 results: negligible net debt, no less than £59m Adjusted EBITDA
- 17 Sep 2026 H1 growth accelerated; marketplace mix 38.9%
- 10 Sep 2026 Q2 GMV growth accelerated
- 14 Jul 2026 Trading positive in June and July
- 16 Jun 2026 FY26 audited; growth and cost-out continuing
Dispute with competitor shareholder
- 27 Nov 2025 Board cites competitor's votes against it; no vote on GTS
Closed · 4
Company filings. Not investment advice.