![]() Boohoo earlier this month closed on its acquisition of the fashion e-tailer PrettyLittleThing for 3.3 million pounds or about $4 million at current exchange rates. market as it looks to scale its operations and be a global business. ![]() A purchase of Nasty Gal is seen as giving Boohoo a leg up in the U.S. I wanted to do plenty of research and have a few weeks to think. less than two weeks after its bankruptcy filing. Nasty Gal filed for bankruptcy in November 2016 and in January 2017, its assets have been sold to a British fashion retailer. ![]() 7.īoohoo’s go at the fashion company had been the subject of much speculation following its registration of the business name Nasty Gal Ltd. 5 with an auction, if one is warranted, to take place Feb. If no qualified bidders emerge, Boohoo’s purchase agreement with Nasty Gal would go before a bankruptcy court judge for approval.Īll bids are due by Feb. ![]() The company also has two leases on Melrose Avenue and another at the Third Street Promenade in Santa Monica, which are not part of the deal struck with Boohoo. Urban Outfitters, about three years ago at the height of the buzz surrounding Nasty Gal, had been rumored to have been looking at the company and more recently Revolve’s name had been thrown in the mix of companies that had taken a look at the business.īoohoo’s purchase, if successful, would be an intellectual property play. ![]()
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