Boohoo amps up stake in troubled Revolution Beauty to 26 per cent November 28, 2022 Fast fashion retailer Boohoo has upped its stake in Revolution Beauty, as the troubled cosmetics firm announced a new chief. The online retailer said it had upped its strategic investment in the lipstick seller to 26.47 per cent of its issued share capital. Boohoo, which sells Revolution cosmetics on a number of its websites and [...]
MPs: Boohoo warehouse mistreatment reports ‘wake-up call’ for ministers November 23, 2022 MPs have dubbed reports of worker mistreatment at a Boohoo warehouse as a “wake-up call”. The fast fashion firm said a report in The Times newspaper was not reflective of the working conditions at its Burnley warehouse. After a reporter spent a month working at the site this summer, the newspaper claimed there were “gruelling [...]
Boohoo accused of sexism for Ronaldo tweet saying ‘girlies’ have ‘no need’ to watch football November 23, 2022 Boohoo has been accused of sexism for a tweet saying women have “no need” to watch football after Cristiano Ronaldo’s departure from Man United. The fashion brand’s social media post led to a furious reaction, with users saying the tone was “patronising”, while another accusing them of sexism. This comes after the England Women’s football [...]
Boohoo revenue and profit struggles in first half of 2022 as expectations lowered September 28, 2022 Fashion retailer Boohoo struggled in the first six months of the year with a 10 per cent decline in revenue and a 90 per cent fall in profit before tax. The beleaguered retailer’s gross profits were down 13 per cent in the first six months of the year, compared to 2021, as the firm struggled [...]
Investors to examine retailers’ books for signs of spending slump September 25, 2022 Investors will be parsing over a slew of results from top retailers for signs of a slowdown in consumer spending in response to an economic slump. London’s premier FTSE 100 index notched a poor performance last week, shedding 3.62 per cent to close at 7,018.60 points, mainly driven by a sharp sell off on Friday [...]
Boohoo charged by HMRC over recycled polybag certification August 31, 2022 The taxman has charged Boohoo Group over a lack of certification for its recycled polybag content. The fashion brand wrote to product suppliers last week saying the charge would be passed on unless they met certain conditions, according to Drapers. Boohoo was accused by HMRC of breaching recently introduced rules about plastic packaging, meaning items [...]
Asos, Boohoo and George by Asda probed by watchdog on green claims July 29, 2022 Asos, Boohoo and Asda’s clothing arm George will be investigated by the competition watchdog to work out whether their green claims are misleading shoppers. The Competition and Markets Authority (CMA) said retailers could face court action if their sustainability claims are found to be misleading. Fashion collections, such as ‘Responsible edit’ from ASOS, Boohoo’s current [...]
Fast fashion: Mike Ashley’s retail behemoth Frasers Group eyes I Saw It First July 17, 2022 Mike Ashley’s retail empire may make a swoop for I Saw It First, an online fast-fashion brand owned by Boohoo founder Jalal Kamani. According to a report in The Telegraph, Frasers Group could add I Saw It First to its list of retail takeovers within a matter of weeks. The Telegraph’s sources told the newspaper [...]
Boohoo follows in Zara’s footsteps with return fee for online orders July 12, 2022 Fast fashion retailer Boohoo has introduced a return fee of £1.99, following in the footsteps of Zara. The Manchester-based brand said it had made the decision because costs for retailers, including shipping, have increased considerably over the past few months. A Boohoo group spokesperson told The Mirror: “As the cost of shipping has increased, we’ve [...]
Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands June 23, 2022 Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]