Umar Kamani news and archive

PrettyLittleThing founder Umar Kamani steps down as CEO

The founder and chief executive officer of fast fashion chain PrettyLittleThing is stepping down. Umar Kamani, who founded the company together with his sibling Adam Kamani in 2012, is leaving the company after 12 years to pursue other projects and launch new brands. The Manchester-based company, which is valued around 3.8 billion dollars,...

Report

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...