June 17, 2020 / 6:33 AM / 18 days ago

Boohoo sees annual results above expectations, buys Oasis and Warehouse

June 17 (Reuters) - Online fashion group Boohoo on Wednesday forecast annual results to be ahead of market expectations after first-quarter revenue jumped 45%, thanks to strong demand for its brands and apparel during coronavirus-led lockdowns.

The company also said it was buying the online businesses of Oasis and Warehouse for 5.25 million pounds ($6.60 million) as it looks to snap-up struggling retail brands and build on its success that has bucked the wider retail gloom. ($1 = 0.7950 pounds) (Reporting by Pushkala Aripaka in Bengaluru; Editing by Aditya Soni)

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