Boohoo Group, which owns PrettyLittleThing, NastyGal, MissPap, Karen Millen, Coast and Boohoo suffered a slight fall in sales last month as the coronavirus crisis deepened but trading has since improved, as it posted a surge in full year profits and sales.
“Whilst recent events have understandably overshadowed what has been a great year for Boohoo, they have also highlighted its key strengths,” Boohoo Group chief executive John Lyttle said.
“Our business is founded on our ability to be agile and flexible, and it is at times like this when these abilities are tested and I am proud of how our colleagues and business partners from around the world have responded to the challenges posed by this pandemic.
“Although there is near-term uncertainty in the markets that we operate in, the group is underpinned by its incredibly strong balance sheet and is well-placed to leverage its scalable multi-brand platform and to continue to disrupt fashion markets around the world.”
