Boohoo has acquired the remaining 34 per cent stake in PrettyLittleThing for £269.8 million. The move follows a spat with Shortseller which had accused Boohoo with overstating its free cash flow.
Boohoo CEO John Lyttle said: “We are delighted to be acquiring the remaining 34 per cent stake in PrettyLittleThing. It has been a brand that has delivered strong growth as part of the Boohoo group’s platform, and has a great future ahead of it in the UK and overseas.”
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