Textile Monitoring

United Kingdom : Boohoo acquiring 66% stake in Pretty Little Thing

"UK online fashion retailer Boohoo plc is acquiring a 66 per cent stake in fast fashion brand Pretty Little Thing (PLT) for a cash consideration of £3.3 million. PLT revenue soared by over 400 per cent year over year to £17.0 million in the fiscal ended February 29, 2016 and has already garnered revenue of £19.0 million in the six months to August 31, 2016."


fibre2fashion.com