Boohoo Group Plc

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New Boohoo-owned factory planned for Leicester ahead of supply chain review Hannah Abdulla | 28 Jul 20

Online fast fashion retailer Boohoo has updated on the independent review of its UK supply chain amid the news it has completed the purchase of a 2.5-acre manufacturing site in Leicester – which it says signals a new stage in the company's commitment to UK manufacturing.

Quiz latest to offload Leicester supplier amid "modern slavery" allegations Michelle Russell | 13 Jul 20

Quiz has become the second UK fast fashion retailer in the last week to launch an investigation into one of its Leicester-based suppliers following allegations of non-compliance with living wage requirements, while reports have emerged nearly 10,000 modern slaves could be working in the city.

Boohoo investigation could have lasting impact on transparency in fashion Michelle Russell | 8 Jul 20

Boohoo's share price slumped 22% in morning trading today (8 July) as a growing number of retailers ditched the group's brands from their websites over claims of exploitation and unsafe conditions at one of its UK supplier factories. Analysts have questioned where Boohoo goes from here and how it will affect fashion's transparency problem.

Boohoo will "terminate" factories breaching supplier code Hannah Abdulla | 6 Jul 20

UK online fast-fashion retailer Boohoo Group has insisted it works to ensure everyone in its supply chain is "properly remunerated, fairly treated and safe at work" and warns it will axe relationships with factories that breach its supplier code of conduct after media reports surfaced that one of its Leicester-based supplier factories is paying staff just GBP3.50 (US$4.38) an hour.

Leicester clothing suppliers in spotlight for lockdown breaches Michelle Russell | 1 Jul 20

Reports have emerged of "shocking" working conditions at clothing factories in the UK city of Leicester, which are said to have continued to operate at full capacity during lockdown primarily to sustain orders from their biggest customer, Boohoo.

China or India eyed for next Fashion Transparency Index Ivan Castano Freeman | 22 Jun 20

Fashion Revolution, which monitors and ranks 250 clothing brands based on their labour and environmental behaviour, could launch its next Transparency Index in India or China, just-style has learned.

Boohoo bags Oasis and Warehouse in latest buying spree Beth Wright | 17 Jun 20

Fast fashion retailer Boohoo has acquired the online businesses and all associated intellectual property of British women's wear brands Oasis and Warehouse from investment firm Hilco Capital Limited in a GBP5.25m (US$6.6m) cash deal. 

Boohoo secures GBP197.7m as it eyes future acquisitions Beth Wright | 15 May 20

Online fashion retailer Boohoo has raised GBP197.7m (US$241.4m) in less than 24 hours through a share placing designed to help it fund future acquisitions amid the Covid-19 pandemic.

The Boohoo group is "well-placed" to face Covid-19 Beth Wright | 22 Apr 20

Online fast fashion retailer Boohoo has reported a double-digit hike in full-year sales and earnings, with group revenue surging 44% to GBP1.2bn. With its key brands likely to benefit from their value propositions once nationwide lockdown restrictions are lifted and consumers are able to start going out again, the retailer is well-positioned to weather the retail storm caused by the Covid-19 pandemic.

Boohoo FY sales surge 44% to GBP1.2bn Beth Wright | 22 Apr 20

Boohoo has reported a double-digit rise in both earnings and sales for the full financial year and seems "well-positioned" to deal with the impacts of Covid-19 as the online fashion retailer cites improved year-on-year group sales growth during April.

Record trading at Boohoo – What the analysts say Beth Wright | 14 Jan 20

Online retailer Boohoo has hailed record trading in the last four months of 2019 – which includes the peak Christmas trading season – with group revenue surging 44% across all key geographic regions in the period to 31 December. The performance has seen the business raise its annual sales forecast, with analysts noting the group continues to excel in a challenging market.

Boohoo raises FY forecast on "record" four months Beth Wright | 14 Jan 20

Shares in Boohoo rose today (14 January) after the online fast fashion retailer said it expects annual group revenue growth to come in ahead of expectations after a period of record trading in the last four months of 2019. 

Boohoo hails "record" Black Friday performance Beth Wright | 3 Dec 19

Boohoo has hailed a record performance across the Black Friday weekend and says it is trading in line with market expectations in the lead up to the key holiday trading season.

Brands still failing to deliver on responsible viscose sourcing Michelle Russell | 20 Nov 19

A new report has found that while the issue of responsible viscose production is now firmly on the agenda of the fashion industry, there are still brands and retailers failing to deliver on responsible sourcing.

Boohoo bucks trend of UK retail lull - What the analysts say Hannah Abdulla | 27 Sep 19

Online retailer Boohoo has posted a 43% jump in first-half sales to GBP564.9m (US$702.1m) at a time when many UK retailers are battling slow-to-no sales growth. It marks the first time in the group's history that revenues have exceeded GBP1bn over a 12-month period. And with the recent acquisitions of women's pureplay retailer MissPap and British high street brands Karen Millen and Coast, its success shows no sign of waning anytime soon.

Boohoo H1 sales soar by 43% Beth Wright | 25 Sep 19

Boohoo has hailed a 43% surge in group sales for the first half of the year in a move that means revenue at the online fashion retailer has exceeded GBP1bn in the last 12 months for the first time in its history.

Boohoo ups FY forecast on strong H1 performance Beth Wright | 5 Sep 19

Shares in Boohoo soared by more than 16% this morning (5 September) as the UK-based online fast fashion retailer upped its full-year sales guidance thanks to strong revenue growth across key brands.

Boohoo buys Karen Millen and Coast in GBP18.2m deal Hannah Abdulla | 6 Aug 19

UK-based online fashion retailer Boohoo has acquired the online business of the Karen Millen and Coast fashion brands in a GBP18.2m (US$22.1m) deal.

Boohoo picks End2End suite to streamline business Beth Wright | 10 Jul 19

UK-based online fast-fashion retailer Boohoo has invested in a new omnichannel suite of fashion business software in a bid to harmonise its wholesale and third-party business processes. 

Boohoo unveils first recycled fashion collection Beth Wright | 18 Jun 19

Online fast-fashion retailer Boohoo has unveiled its first recycled fashion range with apparel made in the UK, using 95% recycled polyester and 5% elastane.

Boohoo rebuffs claims it is reluctant to engage with unions Hannah Abdulla | 14 Jun 19

Online fast-fashion retailer Boohoo has defended itself against claims it is hesitant to give its staff the opportunity to join an independent trade union, adding it has taken measures to understand the views and opinions of its teams and that its staff have shown "no interest" in trade union representation.

Boohoo reaffirms FY view on double-digit Q1 sales hike Beth Wright | 12 Jun 19

Online fast fashion retailer Boohoo has reaffirmed its full-year revenue guidance after sales jumped by more than a third in the first-quarter.

PETA buys shares to sway sourcing at Levi Strauss, Boohoo Beth Wright | 28 Mar 19

Animal rights group PETA has snapped up shares in online fashion retailer Boohoo and jeans giant Levi Strauss & Co as part of a bid to influence the companies' sourcing decisions. 

Boohoo bolsters portfolio with MissPap acquisition Beth Wright | 26 Mar 19

Online fashion retailer Boohoo has acquired women's pureplay fashion brand MissPap in a move expected to provide the group with another vehicle to drive rapid growth.

Primark’s John Lyttle joins Boohoo as new CEO Leonie Barrie | 15 Mar 19

The former chief operating officer at value fashion retailer Primark has today (15 March) started his new role as CEO at online fast fashion retailer Boohoo Group.

Boohoo reverses decision to ban wool Beth Wright | 18 Feb 19

Online fashion retailer Boohoo appears to have gone back on its decision to ban wool, a day after announcing it would omit wool from its product range later this year.

Boohoo first fashion retailer to ban wool Beth Wright | 15 Feb 19

Boohoo has become the first major fashion retailer to ban wool, committing to no longer using the fibre in its products from the autumn/winter season onwards. 

Boohoo raises FY guidance on strong Q3 Beth Wright | 15 Jan 19

Online fashion retailer Boohoo has once again upped its full-year revenue guidance on the back of strong growth across all brands and regions in the four months to December.

Boohoo pulls product following real fur uproar Hannah Abdulla | 9 Jan 19

UK online fashion retailer Boohoo has been reprimanded by the UK advertising watchdog after allegedly advertising a "Faux Fur Pom Pom Jumper" that in fact contained real fur.

Boohoo reassures on strong trading performance Beth Wright | 18 Dec 18

Online fast fashion retailer Boohoo has moved to reassure stakeholders that its trading performance remains on track in the wake of a profit warning from competitor Asos.

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