Boohoo cuts ties with hundreds of suppliers following Leicester factory scandal March 25, 2021 Online fashion retailer Boohoo has cut ties with hundreds of suppliers as it seeks to improve conditions for factory workers. The e-commerce giant this morning announced it has “ceased doing business with a number of manufacturers who were unable to demonstrate the high standard of transparency required”. Boohoo published a list of its 78 approved [...]
Laws won’t make modern slavery any more illegal, investors must put their foot down for businesses to change March 17, 2021 The first laws passed in the UK to abolish the slave trade date back to 1833. The global treaty banning slavery came into force in 1927. We are fast approaching 100 years of human history in which the trade in people has been as illegal as it could possibly be. And yet in the UK, [...]
Government should crack down on Uighur forced labour in business supply chains, MPs say March 17, 2021 The government should toughen its anti-slavery measures to ensure that forced labour plays no part in the supply chains of major businesses, MPs have said. A report from the Business, Energy and Industrial Strategy (BEIS) committee said that there was “compelling evidence” that major retail, media, and fashion companies are “complicit” in the forced labour [...]
We need a new law to root out corporate supply chain abuses — wherever they take place March 12, 2021 The now all too familiar, shocking allegations of forced labour at Boohoo factories in Leicester are once again grabbing headlines. Last week Boohoo was hit with a double whammy as US lawmakers are mulling a potential import ban against the company, and UK MPs are asking for a long-term bonus scheme to be linked to supply chain [...]
In The Style’s AIM listing to value influencer fashion brand at £105m March 10, 2021 Online fast fashion retailer In The Style today raised £11m ahead of its listing on London Stock Exchange’s growth market, valuing the firm at £105m. The firm also raised £49m for the selling shareholders through the share placing, ahead of its admission to AIM on Monday. In The Style was launched in Manchester – like [...]
AIM outperforms London’s main market during 12 months of Covid-19 March 8, 2021 A year on from the start of the Covid-19 pandemic, the AIM has strongly outperformed London’s main market, something highly unusual in periods of economic downturn. London’s AIM outperformed the FTSE All-Share by a number of metrics, in part due to several of its listed companies performing well during the pandemic. The AIM All-Share index [...]
Boohoo urged to link bonuses to workers’ rights and sustainability improvements March 5, 2021 The chairman of fast fashion retailer Boohoo has been urged to link its bonus scheme for senior executives to improvements on workers’ rights and sustainability. MPs have written to Mahmud Kamani asking him to update the Environmental Audit Committee on the firm’s progress on its environmental and social responsibilities, and welcomed the “positive steps” it [...]
Budget: Looming tax hike met with shock and horror within the self-employed community March 2, 2021 Chancellor Rishi Sunak is expected to announce new taxes on online deliveries and freelance workers in tomorrow’s Budget, largely aimed at helping to pay off the UK’s Covid spending. Moreover, he may up taxes for self-employed people. The taxes are aimed at targeting online firms like Amazon, Boohoo and Asos, which have seen profits soar [...]
Pontins accused of racial discrimination after ‘undesirable guest list’ targeting Irish customers emerges March 2, 2021 Pontins has been accused of racial discrimination after a whistleblower revealed that the holiday park firm had used an “undesirable guest list” to block customers with Irish surnames. The company’s owner Britannia has signed a legally binding agreement with the Equality and Human Rights Commission forcing it to investigate and review its policies. The whistleblower [...]
Boohoo unaware of potential US import ban over slave labour links March 2, 2021 Boohoo today said it had not been contacted by US customs authorities, following reports that America could block the fast fashion retailer’s imports over modern slavery allegations. The e-commerce giant said it had not “received any correspondence from, nor is it aware of any investigation by, US Customs and Border Protection”. It said it “will [...]