The boohoo Group today has announced the acquisition of 66% of PrettyLittleThing for a cash consideration of £3.3 million. The transaction is expected to complement the Group’s presence both in the UK and internationally. The 34% retained by PLT management will be subject to the management team remaining with PLT over the five-year period to 28 February 2022, and achieving demanding revenue and EBITDA targets.

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