A co-founder of fashion retailer Boohoo has links to a factory in Leicester accused of paying staff less than the minimum wage, it has been revealed. The brand has confirmed that the factory at the heart of the ‘human trafficking and slavery’ allegations is run by Morefray Ltd, a Manchester-owned firm with ties to the I Saw … Read more
Top fund manager Standard Life Aberdeen dumps Boohoo as fashion giant reels from sweatshop scandal By Tom Witherow and Francesca Washtell For The Daily Mail Published: 21:51 BST, 10 July 2020 | Updated: 21:51 BST, 10 July 2020 One of Boohoo’s biggest shareholders has dumped almost all its investment in the fashion group over its … Read more
SMALL CAP MOVERS: Boohoo still ‘king of AIM’ after rollercoaster week and Sosandar sales soar during lockdown By Giulia Bottaro At Proactive Investors For Thisismoney.co.uk Published: 14:36 BST, 10 July 2020 | Updated: 15:00 BST, 10 July 2020 Boohoo held onto ‘king of AIM’ crown after a rollercoaster week. Shares in the fast-fashion retailer have … Read more
Reprieve for fund star Richard Buxton as Boohoo bounces back from scandal following three-day rout By Lucy White and Hugo Duncan for the Daily Mail Published: 21:51 BST, 9 July 2020 | Updated: 21:51 BST, 9 July 2020 Glitzy: Supermodel Jasmine Tookes in a Boohoo dress Shares in Boohoo bounced back following a three-day rout … Read more
Under fire fashion retailer Boohoo has launched an independent review of its supply chain after a scandal about working conditions at factories. The investigation will be led by lawyer Alison Levitt QC and comes after the company’s shares plummeted £1billion amid the claims of poor pay and practices. Boohoo said it was going to invest … Read more
The sweatshop slavery scandal engulfing Boohoo has cost its founders more than £335million in just two days. Its shares fell another 11.9 per cent, or 35.3p, yesterday to 261.4p – taking losses so far this week to 32.5 per cent. That has wiped £1.6billion off the value of the company, and cost founders Carol Kane … Read more
Celebrities have distanced themselves from Boohoo as the fast fashion giant faces accusations of ‘human trafficking and slavery’. Influencers including model Jayde Pierce and reality TV star Vas Morgan turned their back on the brand after claims it was using a £3.50 an hour sweatshop in Leicester. The National Crime Agency is probing whether the factories were … Read more
Boohoo loses close to a quarter of its value as it fights off allegations of modern slavery at one of its Leicester suppliers By Tom Witherow For The Daily Mail Published: 22:04 BST, 6 July 2020 | Updated: 22:21 BST, 6 July 2020 Boohoo lost close to a quarter of its value yesterday as it … Read more
The Indian-born founder of fast-fashion company Boohoo grew his Manchester market stall into a £2.6billion business which is currently embroiled in allegations of ‘modern slavery and human trafficking’ at a factory they use. Before Boohoo shot onto the ever-growing fast fashion scene, its owner Mahmud Kamani, 55, sold handbags in traders’ stall. He spotted the potential … Read more
Clothes workers in Leicester are being paid as little as £3.50 an hour to produce items for some of the UK’s biggest fashion brands, an investigation has uncovered. At a factory named as Jaswal Fashions, where clothes at bound for online giant Boohoo and Nasty Gal, employees are said to work for less than half … Read more