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Boohoo adds Oasis and Warehouse to portfolio


Booming boohoo: the chain reported strong sales

Online fashion chain Boohoo has acquired the online businesses and all associated intellectual property of Oasis and Warehouse, for £5.25m in cash from Hilco Capital. 

The Oasis and Warehouse Group closed its website and all stores and concessions at the end of April, after administrators failed to find a buyer, resulting in 1,803 redundancies. 

The two brands will add to a growing portfolio which includes Pretty Little Things and Nasty Gal.

Unaudited management information shows that Oasis and Warehouse generated direct online revenues of £46.8 million in aggregate.

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