Boohoo factory saga ‘one of the worst ESG scandals’ in UK history, Leicester MP says November 18, 2020 The discovery of poor working conditions in Boohoo’s Leicester supply chain has been branded “one of the worst environmental, social and corporate governance (ESG) scandals in modern UK history”, by one of the city’s MPs. Liz Kendall, the MP for Leicester West, today again called on Boohoo’s executive chairman Mahmud Kamani and chief executive John [...]
Boohoo and Nike grilled over supply chain links to slave labour in China November 5, 2020 MPs this morning grilled fashion firms, including Boohoo and Nike, over potential supply chain links to slave labour and exploitation in China. The retailers’ sourcing and sustainability bosses were today called in to give evidence to the Business Select Committee, as part of an investigation into the extent to which the products of forced labour [...]
Boohoo takes £775m hit as auditor stands down October 20, 2020 Boohoo saw almost £775m wiped off its market value yesterday after the beleaguered fast fashion retailer said PwC was stepping down as auditor. Boohoo’s announcement that it was running a tender for a new auditor and that PwC would not take part in the process spooked investors, sending shares down 20 per cent to 254p [...]
Leicester factory scandal: Boohoo supplier involved in ‘multi-million-pound’ fraud scheme October 13, 2020 Leicester clothing factories with links to Boohoo and Select Fashion have been involved in a “multi-million pound” money laundering and VAT fraud scandal, an investigation has found. Firms based in the city’s garment manufacturing district, some of which were suppliers to the fast fashion retailers, were revealed to have been involved in fraudulent activity relating [...]
MPs probe fast fashion industry after Boohoo’s Leicester factory scandal October 6, 2020 The fast fashion industry will be scrutinised by a committee of MPs in the wake of Boohoo’s Leicester clothing factory scandal, after the government dismissed most of the recommendations of an initial inquiry in 2018. The Environmental Audit Committee (EAC) has today launched a follow-up inquiry into sustainability and working conditions within the fashion industry [...]
Boohoo is on the wrong side of history when it comes to business ethics and sustainability October 5, 2020 It is alarming to see Bohoo’s profits surge despite confirmation of allegations of endemic abuse at every single step of their supply chain. Yet this outcome does not necessarily come as a shock given that Boohoo’s reputation has consistently been married to a culture of neglect and exploitative worker conditions. Once again, we see commitments [...]
Boohoo’s share price jumps as independent review absolves firm of deliberately allowing poor working conditions September 25, 2020 Boohoo’s share price rose by more than 13 per cent in early morning trading after an independent review absolved the fast fashioner retailer of allegations that it deliberately allowed poor working conditions and low pay at its suppliers. The review was conducted by Alison Levitt QC following the “sweatshop” scandal, which highlighted poor working practices at [...]
Boohoo inquiry calls for former Leicester factory workers to give evidence August 5, 2020 The inquiry into poor working conditions at factories used by Boohoo suppliers in Leicester has called for current and former employees to give evidence. Alison Levitt QC, who is leading the inquiry, urged members of the public to give evidence on working conditions in factories in Leicester, what Boohoo knew about the conditions and suggestions [...]
Boohoo to open ‘model garment factory’ in Leicester July 27, 2020 Boohoo, the fast fashion retailer facing allegations of poor working practices at its factory in Leicester, is setting up its own clothing manufacturing facility in the city. The e-commerce giant purchased a former car showroom site in Leicester about six weeks ago to develop a model garment factory in a joint venture with a supplier. [...]
Fast fashion firms Asos and Missguided call for action on UK worker exploitation July 20, 2020 Fast fashion retailers Asos and Missguided have called for urgent government action over the exploitation at UK clothing factories, after rival e-commerce firm Boohoo was embroiled in a scandal over the treatment of workers in Leicester. In a letter to home secretary Priti Patel, a group of retailers, MPs and investors, including Allianz Global Investors, [...]