Boohoo sells Nasty Gal to WSG for $16m
Boohoo Group
23.60p
17:07 15/09/26
-7.45%
-1.90p
Boohoo said on Tuesday that it has sold the Nasty Gal brand to White Space Group New York (WSG) for $16m (£11.9m) in cash.
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Nasty Gal generated gross merchandise value of £12m in FY26 and adjusted earnings before interest, tax, depreciation and amortisation of £0.4m. Boohoo, which trades as The Debenhams Group, said it’s non-core and not material to the company.
It said the deal aligns with its strategy of transitioning to a marketplace-led business model that is capital-lite, and further strengthens the balance sheet following the £90m sale of its Sheffield distribution centre that was announced last week.
At 1555 BST, the shares were down 3.6% at 23.80p.