×
20 748
Fashion Jobs
ULTA BEAUTY, INC.
Salon Manager
Permanent · Seminole
ULTA BEAUTY, INC.
IT Operations Specialist
Permanent · Bolingbrook
ULTA BEAUTY, INC.
Manager Corporate Strategy
Permanent · Bolingbrook
NIKE
Technical Product Manager
Permanent · Beaverton
NIKE
Operations Manager, Whq/na Accounts Payable
Permanent · Beaverton
NIKE
Marketplace Operations Manager
Permanent · Beaverton
NIKE
Learning Manager, Digital & Multimedia Development
Permanent · Memphis
NIKE
Distribution Center Area Manager
Permanent · Lake Forest
BATH & BODY WORKS
Manager, Email Marketing
Permanent · Reynoldsburg
BATH & BODY WORKS
Recruiting Senior Manager
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Oaks
Permanent · Springfield
CLINIQUE
Retail Beauty Training Manager - Clinique - Full-Time - Herald Square - New York, ny
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - 35 Hours - Galleria Mall - Houston, tx
Permanent · Houston
CONVERSE
Technical Product Manager, Supply And Demand Planning
Permanent · Boston
CONVERSE
Technical Product Manager, Global Sourcing And Manufacturing
Permanent · Boston
CONVERSE
Technical Product Manager, Finance
Permanent · Boston
H&M
Product Owner
Permanent · Secaucus
MAC
Executive Director, Digital Innovation & Design, Mac
Permanent · New York
SMASHBOX
Senior Manager, Ecommerce, North America, Sbx
Permanent · Culver City
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - North Georgia Premium Outlets - Dawnsonville, ga
Permanent · Dawsonville
CLINIQUE
Retail Beauty Sales Coordinator - Clinique - 40 Hours - Arden Fair - Sacramento, ca
Permanent · Sacramento
CLINIQUE
Beauty Sales Manager - Clinique - 40 Hours - Rosedale - Roseville, mn
Permanent · Roseville

Boohoo shares plummet further after Leicester factory exposé

Published
Jul 7, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Boohoo shares continued to plunge on Tuesday after weekend allegations linking it to illegal factories in Leicester had driven the share price down sharply on Monday.


PrettyLittleThing



The shares had closed at 385.5p each on Friday but were 297.3p on Monday afternoon and 256p at the time of writing on Tuesday morning.

It meant the firm’s overall market capitalisation was ‘only’ £3.22 billion, well below the highs it had reached earlier this year.

The investor reaction came after a Sunday Times investigation that claimed an undeclared factory was paying workers only £3.50 an hour (well below the legal minimum wage). Added to that PR nightmare were suggestions that pressure on factories in the Leicester area to deliver orders on time had led to unsafe practices with inadequate social distancing contributing to the rise in coronavirus cases in the city.

While Boohoo has said it would urgently investigate the issue and was moving swiftly to ensure more robust oversight of its supply chain, concerns are still lingering.

But the concerns aren’t only about Boohoo as there are long-term worries over sub-contractors in the wider Leicester garment industry. Earlier official fast-fashion investigations have shown sub-standard working conditions and that factories flouting regulations can be closed down only to reopen under new names within days.

Copyright © 2020 FashionNetwork.com All rights reserved.