By Bloomberg Published Jan 26, 2024 Boohoo Group Plc said it has stopped working with a UK supplier after allegations that staff at the warehouse were forced to work overtime. ASOS The move came out Friday after a BBC documentary entitled “Boohoo’s Broken Promises” accused the fast-fashion chain of putting undue pressure on garment suppliers. … Read more
Superdry announced its first-half results on Friday and as already flagged by the company, they weren’t great. The six months to 28 October saw what it called “challenging” conditions but “strong progress on cost and inventory reduction programmes”. Superdry Most of the figures were in negative territory and even the profit it made in H1 … Read more
Forget rumours about what Frasers Group may or may be thinking of buying. We know that it’s definitely buying more of two underperforming online retail giants, ASOS and Boohoo. DR Its holding in ASOS has now jumped from less than 18% recently to over 25% this week, both through directly owning the shares and through … Read more
In early 2022, Boohoo hailed the opening of its first UK “model” garment factory as a new “centre of excellence” underlining its commitment to Leicester’s “great future” as the hub of the domestic textiles industry. Boohoo Group – DR Fast forward 24 months and the fashion retailer is now considering “closure of the site in … Read more
Frasers Group’s appetite for stake-building in its online-only peers shows no signs of fading with news on Monday that the retail giant has boosted its holding in Boohoo Group yet again. PrettyLittleThing The company had already become Boohoo’s biggest single shareholder in early October and carried on adding to its stake during that month, having … Read more
