The online fashion retailer saw their pre-tax profits surge by 51 per cent.
Boohoo, owners of Nasty Gal and Pretty Little Thing has had a particularly successful first half year, despite an independent review into accusations of low pay and poor working conditions. The retailer has seen their revenue grow considerably across both their UK and international markets with their international revenue now accounting for 47 per cent of the group’s overall sales in comparison to last year, which saw international sales contribute 44 per cent.
In this period, the retailer also acquired brands Oasis and Warehouse and the remaining minority interest in Pretty Little Thing.
John Lyttle, Boohoo Group Chief Executive commented: “There are many challenges still ahead due to uncertainties posed by the Covid-19 pandemic, but despite these challenges there are many positives from our activities in the first half. The resilience of our business model and the commitment and flexibility of our colleagues and partners has enabled us to continue to operate our business successfully.”
