Boohoo’s founder facing shareholder revolt over role in sweatshop scandal

Boohoo’s founder facing shareholder revolt over her role in sweatshop scandal in Leicester supply chain By Daily Mail City & Finance Reporter Published: 21:50 BST, 28 May 2021 | Updated: 22:21 BST, 28 May 2021 Boohoo’s founder is facing a shareholder revolt over her role in the sweatshop scandal in the Leicester supply chain.  Shareholder … Read more

Boohoo’s volatile share price performance is something to watch

Boohoo’s bumper surge in sales over the past year has garnered attention this morning, but the retailer’s share price appears to tell a somewhat different story. For a start, at the time of writing shares in AIM-listed Boohoo were down 1.23 per cent or 4.00p to 322.50p. A year ago the group’s share price was 313.70p.   … Read more

Sir Brian Leveson publishes first report on Boohoo’s supply chain overhaul

Sir Brian Leveson publishes first report on Boohoo’s supply chain overhaul after sweatshop-style conditions and low pay were exposed By City & Finance Reporter for the Daily Mail Published: 22:01 GMT, 14 January 2021 | Updated: 22:01 GMT, 14 January 2021 Sir Brian Leveson has published his first report on Boohoo’s supply chain overhaul Sir … Read more

Boohoo’s billionaire owners may have to tear down ‘unsightly’ gates at their £2.8m Georgian mansion

Boohoo’s billionaire owners may be forced to tear down a set of ‘unsightly’ gates to the entrance of their Georgian mansion after flouting planning rules. The Kamani family are locked in a row with their council after building a new super-sized entrance to their Cheshire country manor. The company founder Mahmud Kamani had planning for … Read more

Hedge fund PSQUARED placed £20m bet on Boohoo’s shares falling

Hedge fund PSQUARED placed £20m bet on Boohoo’s shares falling, and will already be sitting on a profit By Jamie Nimmo For The Mail On Sunday Published: 14:48 BST, 12 July 2020 | Updated: 15:17 BST, 12 July 2020 A hedge fund has launched an attack on shares in Boohoo – the day after the fast … Read more

Boohoo’s business model is ‘going to have to change’, City expert says

Over the last few years, Boohoo has emerged as a stock market darling, offering investors decent returns and online shoppers the cheap, fast-fashion they crave. But the fast-paced fashion retailer has seen its share price slump over a quarter today after the group announced it had launched an investigation into one of its suppliers. Allegations … Read more

Police launch probe into fashion giant Boohoo’s Leicester factory

Boohoo’s shares have plunged by £500million today after Priti Patel asked Britain’s FBI to investigate the fast fashion chain over claims they were using an alleged £3.50-an-hour sweatshop in Leicester to produce cheap clothing during the coronavirus pandemic. The Home Secretary has stepped in and instructed the National Crime Agency to probe the issues amid claims … Read more