umar kamani news and archive

PrettyLittleThing struggles with “overwhelming demand”

Fast-fashion online retailer PrettyLittleThing’s chief executive has taken to social media to warn customers that next day delivery and certain special discounts have been temporarily suspended due to “overwhelming demand”. In a statement on Instagram, PrettyLittleThings chief executive and founder, Umar Kamani, said: “We have regrettably had to...

Management

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...