Skip to content
Search

Latest Stories

Boohoo to buy Oasis, Warehouse brands for £5.25 million

Manchester-based online fashion retailer Boohoo will buy the online businesses of Oasis and Warehouse brands for £5.25 million. In April, Oasis and Warehouse went into administration.

The brands were forced to shut their 90 UK stores in March because of the Covid-19 lockdown, which also closed its 437 concessions in department stores including Debenhams and Selfridges.


According to reports, the previous owner had been in talks to sell the businesses before the Covid-19 crisis, but could not find a buyer. Later, the brand and stock were bought by Hilco Capital, which has now sold them on to Boohoo.

Boohoo made the announcement as it said online sales rose by 45 per cent in the three months to May, partly boosted by demand for athleisure items during lockdown.

Founded in 2006 by Mahmud Kamani and Carol Kane, Boohoo expanded its operations quickly, listing its shares in 2014. It sells fashion, beauty and products and shoes aimed at 16 to 24-year-olds. The firm also owns PLT and Nasty Gal. Earlier in 2020, it bought struggling brands MissPap, Karen Millen and Coast.

Boohoo recently said that the sales of loungewear and "athleisure" had done well during lockdown as customers adapted to a "stay-at-home lifestyle".

Worldwide sales were £368 million in the quarter to May. In the UK, which accounts for half of its total revenue, sales were up 30 per cent to £183 million.

According to Boohoo, 'flexible supply chain' and 'social media campaigns' were the growth drivers for the company.

Recent research by polling firm YouGov has revealed that 11 per cent of 18 to 24-year-olds had purchased something from Boohoo for themselves in the previous three months.

More For You

Trump and Modi

Donald Trump speaks with the press as he meets with Narendra Modi in the Oval Office of the White House on February 13, 2025. (Photo: Getty Images)

Trump’s doubling of tariffs on Indian imports takes effect

Highlights

  • US tariffs on Indian imports rise to as much as 50 per cent
  • Nearly 55 per cent of India’s $87bn exports to US could be affected
  • Exporters warn of job losses and call for loan moratoriums
  • India says support measures will be offered to affected exporters

US PRESIDENT Donald Trump’s doubling of tariffs on Indian imports took effect on Wednesday, raising duties on some shipments to as much as 50 per cent. The move escalates trade tensions between India and the United States.

Keep ReadingShow less
Surat-diamond-Reuters

Craftsmen work on diamonds at a diamond processing unit in Surat, India, August 15, 2025. (Photo credit: Getty Images)

Getty Images

Tariff surge threatens one-third of India’s diamond exports

THE SURAT Diamond Bourse, billed as the world's largest office complex and bigger than the Pentagon, remains largely empty with only a few traders working.

Business has slowed, and the outlook is uncertain.

Keep ReadingShow less
Earn $7k/day through mining contracts by Bitcoin (BTC) plummets, BTC holders

Earn $7k/day through mining contracts by Bitcoin (BTC) plummets, BTC holders

Bitcoin whale dumped 24,000 BTC, triggering a flash crash that sent the price plummeting by $110,000. This depressed market sentiment, led to the liquidation of numerous leveraged long positions, and intensified short-term selling pressure.

At the same time, GoldenMining launched a new Bitcoin mining contract to mitigate the risk of Bitcoin's price decline and help Bitcoin holders earn daily returns.

Keep ReadingShow less
From office workers to freelancers, users around the world use GoldenMining to earn $2,500 a day

From office workers to freelancers, users around the world use GoldenMining to earn $2,500 a day

Have you ever thought about making money from cryptocurrency without any technical knowledge, equipment, or time commitment? It's not about speculation or scalping, but rather a more stable and simple method: cloud mining.

The GoldenMining platform is designed specifically for everyday users like you. You don't need professional background, mining equipment, or even a server. With just a mobile phone or computer and a small investment, you can automatically participate in mining mainstream cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC), with daily profits automatically deposited into your account.

Keep ReadingShow less
Anil Ambani

Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence. (Photo: Reuters)

India’s federal investigator files fraud case against Anil Ambani

INDIA's federal investigator, the Central Bureau of Investigation (CBI), has registered a criminal case against tycoon Anil Ambani following a complaint from the State Bank of India (SBI) alleging fraud, the agency said on Saturday.

Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence.

Keep ReadingShow less