TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and […]
Boohoo
Boohoo boss promises ‘to make Leicester right’
Mahmud Kamani and Carol Kane set up Boohoo in 2006 Executives of the online fashion chain Boohoo have said they are “fixing” things at the firm, which has come under fire over workers’ pay and conditions and its ultra-low pricing. The firm’s co-founder, Mahmud Kamani, who rarely speaks publicly, said […]
Boohoo upgrades profit forecasts amid scandal over working conditions in Leicester factories
Getty Images Online fashion giant Boohoo today pledged to make “substantive, long-lasting and meaningful change” to its business following last week’s damning report into the low pay scandal at factories it uses in Leicester. However, questions are bound to arise about the company’s practices after it today reported a jump […]
Boohoo to investigate Leicester supplier over exploitation claims
Fast fashion retailer Boohoo has said it will investigate one of its suppliers following reports that staff are earning less than the minimum wage amid unsafe working conditions. The Sunday Times reported that workers at Jaswal Fashions in Leicester could expect to be paid £3.50 an hour. It also saw […]