News

Fast-fashion giant Boohoo has bought department store chain Debenhams for $75 million — but the deal won’t save the chain’s 118 stores

Boohoo has bought Debenhams’ brand and website for £55 million ($US75 million). Debenhams’ 118 stores will still close, which leaves 12,000 jobs at risk. The purchase will allow Boohoo to enter new markets while trying to cash in on the e-commerce boom. Visit Business Insider’s homepage for more stories. Fast-fashion […]
Fast-fashion giant Boohoo has bought department store chain Debenhams for $75 million — but the deal won’t save the chain’s 118 stores
News

Fast fashion giant Boohoo ignored red flags over working conditions among suppliers and often has ‘no idea where its clothes are being made,’ an independent review found

An independent review into fast fashion giant Boohoo’s supply chain found “multiple failings” over pay and working conditions. Boohoo, which faced allegations of “modern slavery” in its supply chain in June, ignored red flags, the review found. Multiple textile factory workers claimed to be paid less than the minimum wage, […]
Fast fashion giant Boohoo ignored red flags over working conditions among suppliers and often has ‘no idea where its clothes are being made,’ an independent review found
News

Local lawmakers dismiss claims that fast-fashion factories are linked to a UK city COVID-19 spike — but an expert says these businesses are coronavirus hotspots

Textile factories in a UK city have come under investigation after reports surfaced that employers were putting workers at risk of COVID-19 infection. A workers’ rights group said the conditions likely contributed to a fresh wave of infections in the city. While the local government said there is “no evidence” […]
Local lawmakers dismiss claims that fast-fashion factories are linked to a UK city COVID-19 spike — but an expert says these businesses are coronavirus hotspots
News

A workers’ rights group says Boohoo’s cut-price business model only turns a profit if workers are paid criminally low wages. Analysts disagree.

Boohoo’s business practices have come under scrutiny after a Sunday Times investigation found that workers at one of its suppliers’ factories were being paid as little as £3.50 ($US4.41) an hour. A workers’ rights group said that Boohoo’s purchasing practices and its fast-fashion business model rely on illegal wages to […]
A workers’ rights group says Boohoo’s cut-price business model only turns a profit if workers are paid criminally low wages. Analysts disagree.
News

Amazon, ASOS, Next, and Zalando pull Boohoo’s brands from their websites following reports that suppliers’ factory workers are paid as little as $4 an hour

Amazon, ASOS, Next, and Zalando are among the retailers that have dropped Boohoo’s clothing from their own websites, following reports of workers’ rights violations in factories supplying clothes to Boohoo. Boohoo is currently investigating these allegations and has launched an independent review of its supply chain. Amazon, ASOS, and Zalando […]
Amazon, ASOS, Next, and Zalando pull Boohoo’s brands from their websites following reports that suppliers’ factory workers are paid as little as $4 an hour
Markets

Boohoo stock tumbles 30%, wiping $1.25 billion off its market value, after an explosive report into working conditions at one of its factories

The UK’s fastest-growing online retailer Boohoo saw its shares tumble 30% over two days after it acknowledged that poor working conditions at a factory were “totally unacceptable.” An investigation by the Sunday Times found that the fast-fashion retailer paid its factory workers low wages that were less than half the […]
Boohoo stock tumbles 30%, wiping $1.25 billion off its market value, after an explosive report into working conditions at one of its factories
News

Fast-fashion retailers advertising on the widely popular British show ‘Love Island’ are expected to take a hit in sales after TV boss confirms series cancellation

British broadcaster ITV announced this week that it has postponed the filming of reality-dating series “Love Island” due to the coronavirus pandemic, potentially causing distress to sponsors reliant on the show. Previously, retail brands such as ISawItFirst, Boohoo, Missguided, and Superdrug saw significant increases in profits through sponsorships by heavily […]
Fast-fashion retailers advertising on the widely popular British show ‘Love Island’ are expected to take a hit in sales after TV boss confirms series cancellation
Lifestyle

Boohoo’s new Disney collection lets you channel your inner princess and villain

Boohoo’sDisney collection includes all your favourite Disney princesses and villains. Princess-inspired items include an Ariel T-shirt and jogger set and a Snow White shirt. Villain-inspired items include an Ursula shirt and a Maleficent sweatshirt. There are also products inspired by Mickey and Minnie. Visit INSIDER.com for more stories. Whether you’re […]
Boohoo’s new Disney collection lets you channel your inner princess and villain