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Tag: boohoo

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 …

Auditors’ minimum wage queries at 18 Boohoo factoriesRead More

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 …

Boohoo urges government to take action after slavery scandalRead More

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

Boohoo must take fashion more seriously after factory scandal | Business

The fashion retailer Boohoo says on its website: “Our philosophy’s pretty simple: we don’t take life, or fashion, too seriously.” The company will be taking life and fashion much more seriously after its share price fell by a third over the first two days of the week and by another 15% on Wednesday morning. At …

Boohoo must take fashion more seriously after factory scandal | BusinessRead More

Boohoo to launch independent review of supply chain | Business

The online fashion retailer Boohoo has announced it will launch an independent review of its UK supply chain after recent allegations that some factories in Leicester that sell clothes to Boohoo pay workers below the minimum wage and failed to protect them from coronavirus. Boohoo, which owns brands including Pretty Little Thing and Nasty Gal, …

Boohoo to launch independent review of supply chain | BusinessRead More

Boohoo shareholders demand answers after shares plunge by a third | Business

Shareholders in Boohoo are seeking answers from the company over conditions for workers supplying its garments after the online fashion specialist’s shares plunged more than £1.5bn in two days. The company has lost nearly a third of its value since Friday afternoon after Boohoo said on Monday it was investigating claims that staff at one …

Boohoo shareholders demand answers after shares plunge by a third | BusinessRead More

Next, Asos and Amazon drop Boohoo amid Leicester factory claims | Business

Next, Asos and Amazon have decided to pull all Boohoo clothing from sale as growing anger over workers’ pay and conditions at the company’s suppliers resulted in £1.5bn being wiped from the fast fashion brand’s value in two days. Allegations that some factories in Leicester that sell clothes to Boohoo pay as little as £3.50 …

Next, Asos and Amazon drop Boohoo amid Leicester factory claims | BusinessRead More