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Umar Kamani, the founder and chief executive of Pretty Little Thing, is stepping down from the fashion brand after 12 years at the helm. Kamani, who founded the business in 2012 with his brother in his home town of Manchester, said he was leaving the £3.8bn company to explore new challenges and “build new brands”. [...]
Online fashion retailer Boohoo expects full year revenue to be below market expectations as it continues to suffer from the squeeze on consumer spending. The company anticipates revenue will fall by 12 per cent over the financial year ending 28 February, after it reported a fall in revenue in a trading update released this morning. [...]
Fast fashion retailer Boohoo has today bought the remaining 34 per cent stake in Pretty Little Thing after facing conflict of interest criticisms from a short-seller. The deal is for an initial consideration of £269.8m, with a further £54m of consideration “contingent on Boohoo’s share price averaging 491p per share over a six month period [...]
Clothing retailer Pretty Little Thing has been censured by the advertising watchdog over a campaign deemed to objectify women. In a Youtube ad seen in October last year, the brand portrayed women wearing lingerie striking “seductive poses” and holding neon bars. A complainant, who believed the ad was overly sexualised and objectified women, challenged whether [...]
Boohoo has settled a staggering $197m (£156m) US court case in which the fast fashion giant was accused of faking discounts for customers. The pure-play online retailer, which also owns Pretty Little Thing and Nasty Gal, was accused of engaging in a “deceptive pricing scheme”, with the court filing claiming Boohoo would falsely raise the [...]
Mike Ashley’s Frasers Group has raised his stake in fast fashion firm Boohoo from 7.9 per cent to 9.1 per cent. The retail powerhouse, which owns Sports Direct and Frasers, had previously carved out a smaller stake in the company earlier this summer. The company previously said the move with Boohoo could lead to collaborations [...]
Kim Kardashian is facing social media backlash today after a clip shows her giving advice to "women in business", telling them to "get your f****** ass up and work".
Fast fashion giant Boohoo revealed this morning that it had reached a final settlement without admitting liability in relation to a Californian lawsuit.
PrettyLittleThing sponsored Love Island’s Gemma Owen to champion its ‘pre-loved’ fashion marketplace this year, encouraging shoppers to sell clothes rather than throw them away. However, it still expects to launch 956 new fashion items into the hands of hungry consumers this week. Did someone say greenwashing? It’s one thing to say, ‘Climate change matters; we [...]
All eyes turn to the AGM of troubled fashion giant Revolution Beauty as it hit back at “hostile” shareholder Boohoo ,labelling its attempted coup as “opportunistic” and “self-serving”. Boohoo, which holds a 26.6 per cent stake in the Revolution, revealed it would vote against chief executive Bob Holt, chairman Derek Zissman and chief financial officer [...]
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