The fashion group’s share price plunged amid concerns over working conditions in its UK supply chain, raising questions about transparency and due diligence.
It’s been a bad week for Boohoo, the fashion group. Following an exposé in The Sunday Times about pay and conditions at a supplier based in Leicester, the company—owner of brands such as NastyGal, Coast and Karen Millen—saw its share price plunge and retailers drop its clothes from their websites.
The allegations revolve around pay below minimum wage, but also claims that employees may have been compelled to continue work during the lockdown imposed as a result of the pandemic. Notably, Leicester has been ordered to remain in lockdown amid speculation that garment factories may have played a role in the city’s high infection rate.
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