boohoo.com is set to acquire the intellectual property assets and customer databases from Nasty Gal for US$20m, subject to final approval by the US Bankruptcy Court expected on or after 8 February.
boohoo.com announced on on 28 December that it had entered into an asset purchase agreement to acquire certain intellectual property assets and customer databases from retailer Nasty Gal.
As previously announced, the transaction has been governed by a US Bankruptcy Court approved bidding process.
boohoo has been notified by Nasty Gal’s counsel that no acceptable, qualifying bids have been received for the intellectual property assets and customer databases and, therefore no auction will take place.
At 9:43am: (LON:BOO) Boohoo.com Plc share price was -0.75p at 139.75p
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