Boohoo
This coverage tracks Boohoo’s position and performance in the UK fashion retail market, focusing on financial results, leadership moves, sustainability initiatives, marketing and expansion strategy. With analysis tailored to brand managers, retail executives and strategists, the reporting examines how Boohoo navigates fast-fashion challenges and compliance demands to maintain competitiveness.
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Dec- 2020 -18 DecemberNews
Boohoo executives pledge to ‘fix things’ following scandal
Boohoo executives have reiterated their intentions to “fix things” at the company after a series of allegations over workers’ pay and conditions came to light earlier this year. The fashion retailer’s co-founder, Mahmud Kamani, told the BBC he wanted to “make everything better” following the allegations. It comes as an…
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11 DecemberClothing & Shoes
Administrators place £200m price tag on Topshop
Administrators for Arcadia are reportedly seeking a price tag of £200m for the firm’s Topshop brand and are looking to agree a deal before Christmas. According to The Guardian, administrators Deloitte are expecting to receive initial bids for the brand by the end of next week (18 December). Online retailer…
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Nov- 2020 -30 NovemberComment
Arcadia Collapse: What went wrong?
Once a titan of UK retail, the collapse of Arcadia 10 years ago would have come as a shock to everyone on the high street, whereas in 2020, the road to its demise has been mapped for some time and has now finally reached its end – with its rivals…
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27 NovemberClothing & Shoes
Arcadia ‘could collapse’ next week
Sir Phillp Green’s retail empire Arcadia is reportedly on the verge of collapse, placing around 15,000 jobs at risk. According to Sky News, the retail group, which owns Topshop, Dorothy Perkins and Burton, could be set to appoint administrators from as early as next week. An insider told Sky that…
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26 NovemberClothing & Shoes
Boohoo appoints Leveson to oversee business practices
Boohoo has announced the launch of a new ‘Agenda for Change’ programme, in a bid to “deliver long-lasting and meaningful change” to its supply chain and its business practices. The group has appointed Sir Brian Leveson PC to provide independent oversight over the programme. Leveson will report directly to the…
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17 NovemberClothing & Shoes
Boohoo appoints chair of audit committee
Boohoo has announced the appointment of Shaun McCabe to its board as an independent non-executive director, where he will assume the role of chair of the audit committee. Following his appointment, which takes place with immediate effect, he will also sit on the group’s remuneration and nomination committees. McCabe brings…
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Oct- 2020 -19 OctoberClothing & Shoes
PwC to step down as Boohoo auditor
Accountancy firm PwC is to step down from its role as auditors of fast fashion chain Boohoo after six years in the position. According to the Financial Times, PwC has resigned from its role due to concerns over the retailer’s governance following allegations of malpractice in its supply chain that…
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9 OctoberClothing & Shoes
Boohoo appoints responsible sourcing director
Boohoo has reportedly appointed a new responsible sourcing director as it aims to improve its practices following the independent review of its supply chain. According to Drapers, the retailer has appointed former Primark director Andrew Reaney to oversee its operations at its warehouses and throughout the rest of its supply…
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6 OctoberClothing & Shoes
Shadow Health secretary urges Boohoo investors to oust bosses
The shadow health minister has urged Boohoo’s largest investors to remove its current bosses following reports of unsafe working conditions at some of its warehouses. According to the Daily Mail, Liz Kendall has written a letter to Jupiter, Invesco and Baillie Gifford calling for them to remove chairman Mahmud Kamani…
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Sep- 2020 -30 SeptemberClothing & Shoes
Boohoo raises forecast as profits soar
Boohoo has reported that pre-tax profit soared by 51% to £68.1m in its latest half-year results. In addition, revenue soared by 45% to £816.5m in the six months ended 31 August 2020. Strong revenue growth was seen across all geographies and brands, with revenue up by 37% in the UK…
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