Peter Gelardi, former managing director of the gift site which collapsed last August owing £7m, is behind , a website which will sell discounted designer goods for home and garden.
It also promises to keep cool people in the loop by publishing a twice-monthly magazine to help users know what they should be buying to stay on trend.
WrapIt went bust last summer owing millions to newly-weds whose guests had bought gifts from the site that were never delivered.
in Canary Wharf demanding the bank sent through undelivered gifts rather than include them in the liquidation process.
The successor to Wrapit launches on April's Fools day, but is no joke.
Gelardi told one national newspaper that he has no formal position in the new venture but is simply helping is son, Nicholas, get it off the ground.
However, besides Gelardi Jnr Please&Thankyou is being run by three other former WrapIt employees and it was formed under the directorship of Amroth Ltd, a company of which Peter Gelardi is a director.
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