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Tag: boohoo

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

Boohoo to investigate use of Leicester factory with ‘unacceptable’ conditions | Business

The online fashion retailer Boohoo has pledged to investigate how its clothes came to be made by a Leicester garment factory where workers were paid just £3.50 an hour in conditions that allegedly put them at greater risk of catching Covid-19. Shares in the company slumped by 9% on Monday morning, the first day since …

Boohoo to investigate use of Leicester factory with ‘unacceptable’ conditions | BusinessRead More

Boohoo booms as Leicester garment factories are linked to lockdown | UK news

On 27 March, even as the rest of the UK were trying to make sense of how to get through the coronavirus crisis, Boohoo seemed to have nailed it. It was a Friday, and usually the fast-fashion brand’s irrepressibly bouncy Twitter account would be pitching dresses and shoes to its followers ahead of a night …

Boohoo booms as Leicester garment factories are linked to lockdown | UK newsRead More

Boohoo bosses in line for £150m bonus as part of incentive plan | Business

The bosses of Boohoo are in line for a £150m bonus if shares in the online fashion retailer rise by two-thirds over the next three years. Business has boomed at Boohoo, which owns brands including Nasty Gal, Pretty Little Thing, Coast and Karen Millen, since floating in 2014 and has surged during the coronavirus lockdown. …

Boohoo bosses in line for £150m bonus as part of incentive plan | BusinessRead More

Boohoo worth more than M&S after Christmas sales surge | Business

The stock market value of the online fashion firm Boohoo has overtaken Marks & Spencer thanks to strong Christmas sales, while M&S was warned it faces a possible downgrade in its investment rating to junk status. Sales at Boohoo jumped 44% in the weeks before 25 December, while M&S suffered fresh setbacks. Last week the …

Boohoo worth more than M&S after Christmas sales surge | BusinessRead More