# boohoo group plc – Update on Californian Class Action Claim

- Link: https://www.directorstalkinterviews.com/boohoo-group-plc-update-on-californian-class-action-claim/4121031363
- Published: 2021-11-04T07:05:26+00:00
- Author: Giles

**[boohoo](https://www.directorstalkinterviews.com/company/boohoo/boo.l) Group plc**(
LON:BOO) today provided an update in respect of the class action claim brought against
the Group in the United States District Court for the Central District of California.

boohoo is pleased to report that the parties have notified the District Court that
they have agreed to the terms of a preliminary settlement relating to the Claim.
The preliminary settlement will be covered in full by the existing provisions disclosed
in the Group’s latest published accounts.

Whilst there is no guarantee that the preliminary settlement will result in a final
settlement of the Claim, the parties will now work together to incorporate the terms
of the preliminary settlement into a legally binding settlement agreement.

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand
targeting young, value-orientated customers, pushing boundaries to bring its customers
up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the
vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March
2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and 
Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary 
to the group’s scalable, multi-brand platform. In January 2021, the group acquired
the intellectual property assets of Debenhams, with the goal of transforming a leading
UK fashion and beauty retailer into a digital department store and marketplace through
a new capital-light and low-risk operating model. In February 2021, the group acquired
the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton.
As at 31 August 2021, the boohoo group had 19 million active customers across all
its brands around the world.

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