If you weren't at Manchester Pride this weekend, you missed out. Big time.
08.08.2023 - 08:19 / manchestereveningnews.co.uk
Umar Kamani, who co-founded PrettyLittleThing, has bought a stake in fashion giant Boohoo worth around £15m.
The businessman has snapped up a 3% stake in the Manchester-headquartered group, according to a new filing with the London Stock Exchange. Mr Kamani set up PrettyLittleThing with his brother Adam in 2012 and is the son of Boohoo co-founder Mahmud Kamani.
A majority stake in the company was bought by Boohoo in 2016. The group then bought the remaining shares it did not own in PrettyLittleThing for up to £323.8m in M ay 2020.
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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 holds a stake in activist investor Kelso Group alongside the likes of Luke Johnson and Nigel Wray.
The group has been building up a holding in Manchester-headquartered online retail and software giant THG in recent months.
Shares in Boohoo closed on Monday, August 7, at 39.2p, giving the group a market capitalisation of just under £500m. A year ago, its shares were trading at 61.1p.
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In recent months, Mike Ashley's Frasers Group has been gradually building a stake in Boohoo which now stands at almost 8%.
Other major shareholders in the group include Mahmud Kamani, Norges Bank Investment
If you weren't at Manchester Pride this weekend, you missed out. Big time.
Fyre Festival 2 – the second version of the disgraced music festival – have sold out.Earlier this week, the festival’s founder, Billy McFarland, announced on TikTok that the first 100 pre-sale tickets were up for grabs. Each retailed at $499 a piece with ticket tiers marked as “coming soon” ranging from $799 to $7,999.Despite the fact that the festival has no lineup, venue, or dates lined up for the event, the first 100 pre-sale tickets have sold out.
It’s officially one year since PrettyLittleThing launched its beauty box subscription service, which lets you get your hands on plenty of goodies for as little as £13 a month. To celebrate, PLT just unveiled its Birthday Beauty Box, £15 here, that’s packed full of £63 worth of goodies including trending makeup, skincare and lifestyle products.
The owner of fashion brand Bench, which shot to fame in the 1990s and was worn by celebrities such as Robbie Williams and Liam Gallagher, has been sold.
Heartfelt tributes have been left for a much-loved 'gentle giant' who died following a crash on his bike. Neville Witter was involved in a crash with a lorry at Ellesmere Circle, close to the Trafford Centre.
Associated Press. “They truly don’t make them like him anymore and we will miss conversations with him about everything under the sun,” the statement read, “the twinkle in his eyes as he approached every moment ready for the next adventure”.He died at his home in Bel Air, California from natural causes, his widow Tina told AP.Formed in 1962 alongside Herb Alpert, A&M Records – named after their initials – counted singles including Captain and Tennille’s ‘Love Will Keep Us Together’, ‘Every Breath You Take’ by The Police and ‘Show Me the Way’ by Peter Frampton among its releases.Other acts they represented included the Carpenters, Janet Jacket, the Go-Gos and Soundgarden.Alpert told Billboard in a statement: “I never met a nicer, honest, sensitive, smart and talented man then my partner Jerry Moss.”Moss was born in New York City and was an English major at Brooklyn College.
with musician Herb Alpert and together, they transformed the record label from a two-person business out of a garage to one of the industry’s most successful independent labels.From the 1960s through the ’80s, A&M Records released countless smash hit albums such as Alpert’s “Whipped Cream & Other Delights” and Carole King’s “Tapestry.” They recorded the music of the Police, the Carpenters, Cat Stevens, Janet Jackson, Joe Crocker, the Go-Gos, Peter Frampton and Sheryl Crow. “Every once in a while a record would come through us and Herbie would look at me and say, ‘What did we do to deserve this, that this amazing thing is going to come out on our label?’” Moss told Artist House Music, an archive and resource center, in 2007.Both Moss and Alpert were inducted into the Rock & Roll Hall of Fame in 2006 for their contributions to the industry.
, the record exec — who along with his business partner, Herb Alpert, turned A&M into one of America’s leading independent record labels — died Wednesday at his home in Bel Air.«They truly don't make them like him anymore and we will miss conversations with him about everything under the sun. The twinkle in his eyes as he approached every moment ready for the next adventure,» his family said in a statement to the Associated Press.In a statement to ET, Alpert said, «I never met a nicer, honest, sensitive, smart and talented man than my partner Jerry Moss.»Dionne Warwick, who wasn't an A&M artist, but had been close to Moss ever since he helped promote her music in the early 1960s also released a statement, calling him one of the «kindest gentlemen» and her «dear friend.»«Another of my dear friends has made his transition.
Jerry Moss, who co-founded A&M Records with Herb Alpert more than 60 years ago and helped build it into one of the most successful independent record labels in history, died today in Los Angeles. He was 88.
Chris Morris Music ReporterJerry Moss, who turned A&M Records into one of America’s leading independent record labels with his business partner Herb Alpert, died Wednesday in Los Angeles. He was 88.“They truly don’t make them like him anymore and we will miss conversations with him about everything under the sun.
Elon Musk is firing back at Mark Zuckerberg after the Meta founder called to “move on” from the fight with the X/Twitter owner.
Greater Manchester's junior doctors and consultants are heading out on the ninth month of strike action across NHS hospitals from today (August 11).
A sunflower trail is the latest attraction to open at a popular farm loved by families. Tickets are now on sale for the trail, which is at Kenyon Hall Farm, close to the border of Wigan and Warrington.
The VOCES8 Foundation presents its latest Live From London digital festival this weekend which, among other things, will include the premiere performance of a new piece composed by Ed Newton-Rex that features lyrics generated by artificial intelligence.Composer and entrepreneur Newton-Rex has been involved in generative AI in the music space for more than a decade, having founded the music AI start-up Jukedeck that was subsequently acquired by TikTok owner Bytedance. He is now VP of Audio at Stability AI.For his new composition – called ‘I Stand In The Library’ – he used OpenAI’s GPT-3 to generate a set of lyrics which he then set to music.
The founder of Alton Towers, John Broome, has died aged 80.
Leo Barraclough International Features Editor Messages have been pouring in to pay tribute to Jess Search, producer and co-founder of U.K.’s Doc Society, who died Monday from brain cancer at the age of 54. Search was a founding director of Doc Society, the mission of which is to “unleash the transformational power of documentary film to address the two critical and intertwined issues of climate change and democracies in crisis.” Before that, she was a commissioning editor at Channel 4 and a founder of Shooting People, the online filmmakers network.
Jess Search, a British documentary veteran who co-founded the Doc Society, has died aged 54 from brain cancer.
A special school in Atherton could be set to move location as the building is believed to be ‘no longer fit for purpose’.
Peter Caranicas Deputy Editor Charles (Chuck) Martin Flood Jr., business managers to some of country music’s top luminaries and co-founder/owner of high-profile Nashville business management firm FBMM, died at 78 on July 21. Flood was a prominent figure in the entertainment industry for more than 40 years. He founded Chuck Flood & Associates in 1986 at his dining room table with the help of John Sayles and Betty Sanders.
Sadly, winning the lottery is a dream most of us will never make a reality in our lifetime.