boohoo has now successfully acquired the remaining 34 percent of shares in the PrettyLittleThing brand from minority shareholders for an initial £269.8 million ($331 million).
boohoo has stated that the purchase price, which could potentially rise to £323.8 million, will be funded through a combination of shares totalling £107.9 million and cash of £161.9 million.
After the purchase Boohoo will retain over £350 million of cash. Furthermore, shares in Boohoo, up 42 percent over the last year, closed on Wednesday at 334.9 pence, valuing the business at £4.14 billion.
