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Tag: substantially

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 …

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

Luckin Coffee says probe into sales fraud is ‘substantially’ complete

Luckin Coffee said Wednesday that it has “substantially” completed its independent internal probe into the sales fraud scandal that implicated its top executives. The independent investigation found that the Chinese coffee chain’s 2019 sales were inflated by 2.12 billion yuan ($300 million) and its expenses by 1.34 billion yuan ($190 million) that year. The fraud began in …

Luckin Coffee says probe into sales fraud is ‘substantially’ completeRead More