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Boohoo buys PrettyLittleThing

The online retailer was subject to a short seller attack earlier this week
Boohoo buys PrettyLittleThing

Boohoo (BOO) has agreed to take complete control of fashion retailer PrettyLittleThing, in a deal that could be worth up to £324m. Boohoo acquired a 66 per cent stake in PLT, which is headed by the son of Boohoo chairman Mahmud Kamani, in 2017.

IC TIP: Hold at 378p

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