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The founder of fashion retailer Pretty Little Thing has licensed his staff, despite being worth £ 1 billion.
Tycoon Umar Kamani, 32, has suspended 86 staff members from his Manchester-based company while enjoying a lavish lifestyle in Dubai.
Umar is one of the many companies that have decided to use the government scheme that uses taxpayers’ money to pay 80 percent of their wages.
But Mr. Kamani does not appear to be staggered by the closure or the decision to suspend his staff when he posted an Instagram photo of his home in Dubai, along with his girlfriend Nada Adelle, 26, on April 18, with the title “isolation”. ‘.
Pretty Little Thing reported a turnover of £ 374 million in 2018, six years after Umar launched the company.
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Her father Mahmud founded internet fashion company Boohoo, which prompted Umar to launch his own company in 2012.
Umar lives a luxurious lifestyle: he owns two Rolls-Royce cars, a Lamborghini worth £ 300,000, and other expensive cars.
He is friends with some of the world’s most famous celebrities, such as Denzel Washington, Jennifer Lopez, and Kylie Jenner and others.
(Image: Manchester Evening News)
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Umar also earned £ 5 million from an investment company that is developing a story. coronavirus antigen test, reportedly.
He spent £ 1 million on shares in the Avacta Group. who is working with US-based Adeptrix. USA to develop a Covid-19 test.
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Kamani paid 18p a share for the company’s shares, but the shares continue to rise as the company continues to work on a test.
Commenting on the decision to put their staff on leave, a Pretty Little Thing spokesperson told Mail Online: “We are entering an unprecedented period and while it is too early to quantify the future impact of Covid-19, we are taking steps to position ourselves. ” the business to protect future jobs and keep the business on a sound financial footing in what we hope will be a temporary environment.
“It is important to note that Pretty Little Thing staff are still paid their full salary as a result of the government licensing initiative and the company’s decision to ‘top-up’ wages so that they receive 100 percent of what they would normally be entitled to receive. every month. “
The spokesperson added that some of the staff would return to work on Monday.
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