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Tag: boohoo

Lawyers to question Boohoo executives over ‘fake discount’ accusations

Boohoo chief financial officer Neil Catto is expected to be questioned by lawyers over alleged fake discounts made by the fast fashion retailer. // US lawyers to ask for testimony from Boohoo executives over alleged fake discounts // Judges rejected Boohoo’s attempt to dismiss legal action // The case comes as Leicester MP renews calls …

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Boohoo Group, Very and Harold Tillman

London College of Fashion, part of the University of Arts London, has appointed former Jaeger and Aquascutum owner Harold Tillman as business and enterprise adviser. The Very Group has appointed former BBC director of technology platform Matt Grest (below) as its new chief information officer. Boohoo has appointed Shaun McCabe as a non-executive director. Week ending 12 …

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Boohoo sets out how it will deal with ‘substantially true’ supply chain allegations of poor working conditions and low pay

Image courtesy of Boohoo Group Allegations of poor working conditions and low rates of pay in Leicester factories serving the Boohoo Group are “not merely well-founded but substantially true”, according to the independent review that it commissioned into its business in response to allegations this summer.   The company’s monitoring of its Leicester supply chain …

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It would be a crying shame if Boohoo’s chairman kept his post after this scandal | Boohoo

Boohoo’s share price has returned to the level seen before examples of pay abuses and terrible working conditions in the company’s supply chain in Leicester were exposed in July. Trade has not been dented by the scandal. And the independent report by Alison Levitt QC – which found Boohoo knew about serious examples of failures …

It would be a crying shame if Boohoo’s chairman kept his post after this scandal | BoohooRead More

18 Boohoo factories under fire as auditors reveal “critical” supply chain issues

Audit reports collected over the past four years have documented “critical” issues // Boohoo audit reports accumulated over the past 4 years set out allegations at 18 Leicester suppliers // The reports suggested that Boohoo has not shown evidence of the amount it pays its garment workers Third party auditors to Boohoo have reportedly raised …

18 Boohoo factories under fire as auditors reveal “critical” supply chain issuesRead More

Auditors’ minimum wage queries at 18 Boohoo factories

An investigation by The Guardian said audits dating between 2017 – 2020 highlighted some workers in the supply chain were being paid between £3-£4 per hour. The reports seen by the newspaper also reportedly recorded cases of: workers not clocking in and out of their shifts; discrepancies in recorded working hours making it difficult to …

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Boohoo urges government to take action after slavery scandal

On Friday, Boohoo Group CEO John Lyttle sent a letter to Home Secretary Priti Patel // Boohoo calls on government to take action in protecting workers after allegations of malpractice // Boohoo had over £1 billion wiped from its share value in just two days after the allegations Boohoo has urged the government to take …

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The billionaire Boohoo family who started with a market stall in Manchester | Business

Boohoo sells dresses for £5 and jeans for less than £10, but its founders are multimillionaires who are lining themselves up for a £100m payout as online sales soar during the Covid-19 pandemic. In less than 15 years, Boohoo has gone from a three-employee operation to a business with sales of £1.2bn and a 5,000-strong …

The billionaire Boohoo family who started with a market stall in Manchester | BusinessRead More

Boohoo shareholder sells off shares in firm worth nearly £80m | Business

One of Boohoo’s largest shareholders has sold off more than half its stake in the online fashion retailer, saying its response to reports of poor working conditions in its supply chain had been inadequate. Aberdeen Standard Investments sold off 27m shares this week, worth nearly £80m at Thursday’s closing price, as it said recent events …

Boohoo shareholder sells off shares in firm worth nearly £80m | BusinessRead More

Boohoo shares bounce back after pledge to improve factory conditions | Fashion

Shares in Boohoo Group rebounded more than 27% on Thursday after analysts and investors were reassured by the online fashion specialist’s plan to clean up its supply chain. The company recovered nearly £770m in value after Boohoo’s City broker held a call with major investors in the UK and US on Wednesday night, after the …

Boohoo shares bounce back after pledge to improve factory conditions | FashionRead More