(Reuters) - Online fashion group Boohoo (L:BOOH) 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 as it looks to snap-up struggling retail brands and build on its success that has bucked the wider retail gloom.