Debenhams slashes losses as sales jump by over £30m Retail Debenhams slashed its losses thanks to a surge in its sales by more than £30m, new accounts have revealed.
Boohoo settles £156m court case over fake discount claims Boohoo Boohoo has settled a staggering $197m (£156m) US court case in which the fast fashion giant was accused of faking discounts for customers. The pure-play online retailer, which also owns Pretty Little Thing and Nasty Gal, was accused of engaging in a “deceptive pricing scheme”, with the court filing claiming Boohoo would falsely raise the [...]
Mike Ashley’s Frasers carves out 9.1 per cent stake in Boohoo as share price rises Boohoo Mike Ashley’s Frasers Group has raised his stake in fast fashion firm Boohoo from 7.9 per cent to 9.1 per cent. The retail powerhouse, which owns Sports Direct and Frasers, had previously carved out a smaller stake in the company earlier this summer. The company previously said the move with Boohoo could lead to collaborations [...]
Mike Ashley’s Frasers Group further ups Boohoo stake February 7, 2024 Mike Ashley's Frasers Group has furthered strengthened its position as the largest single shareholder in Boohoo.
Boohoo shares slide after PrettyLittleThing owner admits consumer squeeze has hit profits January 19, 2023 Online fashion retailer Boohoo expects full year revenue to be below market expectations as it continues to suffer from the squeeze on consumer spending. The company anticipates revenue will fall by 12 per cent over the financial year ending 28 February, after it reported a fall in revenue in a trading update released this morning. [...]
Boohoo agrees final settlement for US class action without admitting liability for ‘deceptive’ clothing promotions May 24, 2022 Fast fashion giant Boohoo revealed this morning that it had reached a final settlement without admitting liability in relation to a Californian lawsuit.
Boohoo share price soars as profits halve: Brits ditch fast-fashion and head back to the high street May 16, 2023 Online fashion retailer Boohoo said its profits halved, as the cost of living crisis continues to hit consumers’ spending and Brits flock back to physical stores. Pre-tax profits for the group halved during the 12 month period ended 28 February 2023 to £63.3m, down 49 per cent, with revenues dropping 11 per cent to £1.77bn. [...]
The House of Boohoo: Impact of PrettyLittleThing and others on fast-fashion giant’s mounting losses revealed January 27, 2024 Boohoo is never far from the headlines - but the firm's endgame isn't quite as easy to find
Boohoo shares plunge as major shareholder dumps stock July 13, 2020 Boohoo shares continued last week’s downturn this morning, slumping as much as 15.4 per cent as the decision by one of the fast fashion retailer’s biggest shareholders to dump the majority of its stock continued to spook investors. Standard Life Aberdeen (SLA), the UK’s largest listed asset manager, on Friday sold off shares in the [...]
Boohoo shares continue to fall after Leicester factory worker exploitation claims July 7, 2020 Shares in fast fashion brand Boohoo plunged for the second day in a row following allegations that workers at the retailer’s factory in Leicester were paid illegally low wages. The e-commerce retailer’s shares plummeted more than 13 per cent this morning to 255.5p, after falling more than 18 per cent yesterday. The losses came after [...]