PrettyLittleThing co-founder Umar Kamani invests in Boohoo

A son of the co-founder of Boohoo has invested in the fashion giant.
Umar Kamani has snapped up a 3% stake in the Manchester-headquartered group, according to a new filing with the London Stock Exchange.
Mr Kamani co-founded PrettyLittleThing with his brother Adam in 2012.
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A majority stake in the company was bought by Boohoo, which was set up by Mahmud Kamani and Carol Kane, in 2016.
Boohoo bought the remaining shares it did not own in PrettyLittleThing for up to £323.8m in M ay 2020.
According to its most recently-available financial accounts, for the year to February 28, 2022, PrettyLittleThing posted a revenue of £712.2m for the 12 months to February 28, 2022, up from the £710.1m it achieved in the prior 12 months.
However, the company’s pre-tax profits fell from £98.7m to £75.1m over the same period.

Umar Kamani announced he was to step down as chief executive of PrettyLittleThing in April this year.
He currently hol …