Umar Kamani, an active social media user, has spent the crisis on private jets and yachts with business trips and holidays in Dubai, Istanbul and Portofino in ItalyUmar Kamani, the founder of the fast-fashion site Pretty Little Thing, received a £3.4 million dividend from the business three months before selling out to Boohoo, run by his father. Mr Kamani sold his 34 per cent remaining stake in Pretty Little Thing last May for £330 million in a deal that gave him £161 million in cash and a stake worth roughly 2.6 per cent in Boohoo. SponsoredPretty Little Thing counts 6.3 million active customers in the year to the end of February while it shipped 19 million orders to young customers, driving sales 37.9 per cent higher to £516.3 million during the year. Profit for the year was £45 million, prompting the business to pay a £10 million dividend, of which Mr
Source: The Times January 11, 2021 00:04 UTC