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Business

Following return, PrettyLittleThing founder announces review of policies

Nearly one month on from his return to the business, Umar Kamani, the founder of PrettyLittleThing (PLT), has announced he will be reviewing policies that had been put in place prior to him coming back. In an Instagram post, Kamani specifically addressed a former policy that had been implemented back in June with the intention to block or limit...

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Boohoo acquires majority stake in PrettyLittleThing for 3.3 million pounds

London - Boohoo has bit the bullet and acquired 21 Three Clothing Company, parent company of fast-fashion label PrettyLittleThing (PLT), for 3.3 million pounds. The announcement comes as the Manchester-based retailer raises its outlook for FY17, as Boohoo expects to achieve revenue growth between 38 percent and 42 percent in its upcoming fiscal...

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