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Birmingham Post
Birmingham Post
Business
Tom Pegden

Online clothes retailer Boohoo brings in new auditor

Boohoo, the online clothes store, has changed its auditor.

The Manchester-based retailer said it had replaced PwC with PKF Littlejohn LLP following a competitive tender process.

In a statement to the Stock Exchange the business said there were “no matters in connection with this change that should be brought to the attention of the group's shareholders”. It said: “The board would like to thank PwC for its services and support provided to the group over the past seven years.”

It follows a turbulent year for Boohoo which saw it face strong criticism for failing to address problems with some factories making clothes for it.

Back in the summer management announced a review its UK supply chain after the board was “shocked and appalled” after the Sunday Times sent an undercover reporter to work at a garment factory in Leicester.

The Sunday Times article alleged that workers in a Leicester factory were making clothes destined for Boohoo while being paid as little as £3.50 an hour. The retailer said it would end relationships with any supplier it finds to have broken its code of conduct.

The business – whose brands include Boohoo, BoohooMAN, PrettyLittleThing and Nasty Gal – saw its market value take a battering as a results of the allegations.

It appointed Alison Levitt QC to look into the supply chain in the UK and promised to rebuild the battered reputation of clothes makers in Leicester.

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