×
111
Fashion Jobs
BEELINE
Sales Director UK/Roi (f/m/d)
Permanent · LONDON
HTNK
Enterprise New Business Manager (UK)
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Dundee (37.5)
Permanent · Dundee
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Account Manager - Debenhams
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
SHISEIDO
Training Manager - Fragrance
Permanent · London
OUKA LONDON LTD
e Commerce Internship
Internship · LONDON
UNDERGROUND
PR Showroom And Social Media Internship
Internship · LONDON
SANDRO UK
Flagship Assistant Manager - Central London m/f
Permanent · LONDON
MD-DA LTD
Sales & Marketing Assistant
Internship · LONDON
A.T. STUDIO
Photography Internship
Internship · BURNLEY
LONDON ORGANIC PR
Student Brand Ambassador
Internship · LONDON
THE POSITIVE COMPANY
e Commerce Internship (Flexible Location)
Internship · LONDON
BA&SH
Key Holder f/m - Full Time - London
Permanent · LONDON
BA&SH
Sales Assistant f/m - Full Time - London
Permanent · LONDON
NIKE
Nike Part Time Athlete (Sales Associate)
Permanent · Stoke-on-Trent
NIKE
Nike Coach (Service And Training Manager)
Permanent · Stoke-on-Trent
NIKE
Assistant Head Coach (Assistant Store Manager)
Permanent · Taplow
ALPHAOMEGA LONDON
Digital Marketing Assistant
Internship · LONDON
NAMED MODELS
Model Booking Assistant
Internship · LONDON

Boohoo shares plummet further after Leicester factory exposé

Published
Jul 7, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Boohoo shares continued to plunge on Tuesday after weekend allegations linking it to illegal factories in Leicester had driven the share price down sharply on Monday.


PrettyLittleThing



The shares had closed at 385.5p each on Friday but were 297.3p on Monday afternoon and 256p at the time of writing on Tuesday morning.

It meant the firm’s overall market capitalisation was ‘only’ £3.22 billion, well below the highs it had reached earlier this year.

The investor reaction came after a Sunday Times investigation that claimed an undeclared factory was paying workers only £3.50 an hour (well below the legal minimum wage). Added to that PR nightmare were suggestions that pressure on factories in the Leicester area to deliver orders on time had led to unsafe practices with inadequate social distancing contributing to the rise in coronavirus cases in the city.

While Boohoo has said it would urgently investigate the issue and was moving swiftly to ensure more robust oversight of its supply chain, concerns are still lingering.

But the concerns aren’t only about Boohoo as there are long-term worries over sub-contractors in the wider Leicester garment industry. Earlier official fast-fashion investigations have shown sub-standard working conditions and that factories flouting regulations can be closed down only to reopen under new names within days.

Copyright © 2020 FashionNetwork.com All rights reserved.