Boohoo news and archive

River Island and Boohoo battle suppliers over quality concerns

UK fast fashion giants River Island and Boohoo are reportedly tackling quality concerns with suppliers leading to either the withholding of payments or threats to send back orders. River Island is the latest to have raised issues over quality with its suppliers, according to The Times, with the fashion retailer understood to have requested...

Business

Boohoo introduces creator storefronts to website

Fast fashion e-tailer Boohoo has introduced a new concept that will allow a number of creators to operate their own curated storefront, leveraging the value of social media traffic. ‘The Boohoo Collective’ will integrate personally developed shopping experiences by 1,000s of social media content creators onto Boohoo’s own website. Those...

Business

Boohoo continues to battle shareholder backlash in latest AGM

A proportion of Boohoo shareholders have made their opposing feelings towards the fast fashion giant’s Remuneration Report known in the company’s latest annual general meeting (AGM). In the meeting, held on June 20, shareholders came together to vote on 12 resolutions, and while all of these proposals were ultimately passed, it was clear that...

Business

Boohoo facing lawsuit linked to employee mistreatment allegations

Fast fashion giant Boohoo is continuing to take heat from its investors, this time in the form of a lawsuit that has been filed in regards to past allegations that suppliers were mistreating employees. While similar claims against Boohoo have mounted over recent years, the lawsuit particularly refers to a report by The Sunday Times back in 2020,...

Business

Boohoo execs waive bonuses following shareholder backlash

Top Boohoo executives have agreed to waive their entire bonuses for the financial year ended February 29, 2024, after shareholders were believed to have expressed their dissatisfaction with the initial proposal. The fast fashion giant was faced with such backlash after it was revealed that three of its executives, including CEO John Lyttle, were...

Business

Boohoo shareholders to reportedly revolt over exec bonuses

Investors of Boohoo have reportedly expressed anger over bonuses paid to executives despite the fast fashion giant reporting losses. The British company is believed to be facing mounting backlash from its investors after it was revealed that executives had received millions of pounds as part of a new long-term incentive scheme, according to The...

BusinessFeatured

Boohoo posts revenue and profit decline in FY24

Boohoo Group GMV was down 13 percent to 1,809 million pounds for the fiscal year 2024, as group performance continued to be impacted by a difficult macroeconomic environment. The company said that revenue for the year of 1,461 million pounds, declined 17 percent reflecting increased focus on profitability and difficult market conditions. Boohoo...

People

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...

BusinessFeatured

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...

BusinessFeatured

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...