Boohoo news and archive

Boohoo Group chief people officer departs

The chief people officer of fast fashion retailer Boohoo Group, Siobhan Forey, has reportedly stepped down from the position after three years. Forey is understood to be departing the company in summer, according to Drapers, which initially reported the news and noted that it was not known if a successor was lined up. Before entering Boohoo...

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Asos, Boohoo and Asda promise “landmark changes” following CMA greenwashing probe

The UK’s Competition and Markets Authority (CMA) has reported that fashion e-tailers Asos and Boohoo, along with supermarket clothing brand George at Asda, have signed formal agreements to use “only accurate and clear green claims” moving forward as it cracks down on “greenwashing” in the sector. The move follows the CMA launching a greenwashing...

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Timeline: Behind Boohoo’s boulevard of broken promises

By now, the ongoing controversies surrounding Boohoo’s supply chain are no secret. The past five years in particular have seen a period of turbulence take hold over the company’s production process, as mounting investigations slowly unveil the slew of seemingly broken promises made by the company to fix what it repeatedly says has not been...

Business

Shein reportedly onboarding Boohoo suppliers amid expansion

Fast fashion giant Shein is reportedly poaching the suppliers of its direct rival Boohoo as part of an ongoing expansion plan. It is believed that towards the end of last year an invitation email was sent by the Chinese e-tailer to a selection of Boohoo suppliers, with a handful allegedly already in discussions with Shein’s Chinese headquarters....

Business

Boohoo lenders reject extended deadline on 75 million pound debt

Boohoo Group has clashed with its lenders after those behind a 75 million pound portion of its debt refused to extend the payment deadline by another year. The fast fashion company has been attempting to push the repayment of a 325 million pound debt, 250 million pounds of which it was successfully able to reschedule thanks to confirmation by...

Business

Boohoo cuts ties with UK supplier, EAC responds to mislabeling allegations

In light of backlash linked to a revealing investigation into its operations by the BBC, Boohoo Group is believed to have said it has cut ties with a UK supplier. This is according to Bloomberg, which reported that the fast fashion giant opted to make the move amid allegations that staff at the warehouse had been forced to work over time. Such...

People

Boohoo names Stephen Morana as new chief financial officer

Boohoo confirms that trading remains in line with market expectations, and that it will report final results for the year ended February 28, 2024 in May. The company has also announced the resignation of the company’s CFO Shaun McCabe and appointment of Stephen Morana to the board as chief financial officer, commencing on February 19, 2024....

Business

Frasers Group ups stakes in Asos and Boohoo

Mike Ashley’s retail giant Frasers Group has continued its streak of securing larger and larger stakes in struggling rivals, this time upping its holding of both Asos and Boohoo. In the group’s latest regulatory filings, it announced that it had taken its stake in Boohoo from the prior 17.2 percent to 21.4 percent. Meanwhile, for Asos, Frasers...

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Boohoo under fire for reportedly putting ‘Made in the UK’ on clothes made overseas

Fast fashion giant Boohoo has once again come under fire for its operations, this time in regards to reports that it had made “Made in the UK” claims on clothing that was believed to actually have been made in South Asia. The allegations build on the findings of a wider investigation by BBC Panorama, which had initially set about unveiling...

Business

Boohoo said to be considering closure of Leicester factory

Fast fashion giant Boohoo is understood to be mulling the closure of its controversial Leicester “model factory” amid plans to drive efficiency at the business. The e-tailer said that it had entered into a consultation last month regarding the possible closure of the Thurmaston Lane facility, with a relocation of its operations believed to be in...

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Burberry, John Lewis and Farfetch: Top 11 UK stories for 2023

This year has been another turbulent period for the UK fashion market, yet while the cost-of-living crisis continues to grip consumer spending, the industry itself has been a dynamic one. Large-scale acquisitions, fierce competition and a crackdown on malpractice has kept big players on their toes, and has brought to question the needs and...

People

Revolution CFO steps down, completing Boohoo’s boardroom takeover

Revolution Beauty has announced that its chief executive officer Elizabeth Lake will be stepping down from the board with immediate effect. She will be succeeded by current non-executive director Neil Catto, whose planned appointment had initially been speculated back in July when the brand’s majority shareholder, Boohoo Group, initiated a...