Acquisition of Nasty Gal

Released : 09/02/2017 07:00

RNS Number : 4218W plc
09 February 2017

For immediate release

         9 February 2017


Acquisition of Nasty Gal plc


Further to the announcement on 6 February 2017, plc ("the Group") confirms that court approval has been obtained for the Group to acquire certain intellectual property assets and customer databases from retailer Nasty Gal Inc. for US$20 million. The transaction, subject to the satisfaction of customary closing conditions waivable at the Group's discretion, is expected to complete on 28 February 2017.


Mahmud Kamani and Carol Kane, joint CEOs, commented:


"We are delighted to have been successful in our bid to acquire Nasty Gal. It represents an exciting opportunity to accelerate our international offering and inspire an ever-growing range of young customers in the US and around the world."


Enquiries plc

Neil Catto, Chief Financial Officer

Clara Melia, Investor Relations


Tel: +44 (0)161 233 2050

Tel: +44 (0)7748 171236


Zeus Capital - Nominated adviser and joint broker

Nick Cowles/Andrew Jones (Corporate Finance)

John Goold/Benjamin Robertson (Corporate Broking)


Tel: +44 (0)161 831 1512

Tel: +44 (0)20 3829 5000

Jefferies Hoare Govett - Joint Broker

Nick Adams/Max Jones


Tel: +44 (0)20 7029 8000


Buchanan - Financial PR adviser

Richard Oldworth/Madeleine Seacombe/Jane Glover


Tel: +44 (0)20 7466 5000




"The voice and style of the social generation"

Keeping one step ahead of the trends or making a subtle style change is easy with and with up to 100 new pieces hitting the site every day and a new collection each week, never stops - it is 24/7 fashion at its best. From the UK's best kept fashion secret to one of the fastest growing international retailers, has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, has been pushing boundaries since 2006 to bring its customers all the latest looks for less.


About Nasty Gal


Nasty Gal was founded in 2006 and is based in Los Angeles. Nasty Gal today is recognised as a pioneer in both the curation and design of women's clothing, shoes, and accessories. The Company has a global presence in 180 countries and a social media following of over 3.5 million. For more information, visit the website at


This announcement has been determined to contain inside information. 


This information is provided by RNS
The company news service from the London Stock Exchange