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The Latest Breaking News from Boohoo

Boohoo boss to step down as review launched that could spark breakup

John Lyttle to stay as CEO of fashion group, which includes Debenhams and Karen Millen, until successor found

The Guardian - UK

Shein doubles profits in UK after sales leap 40% to £1.5bn

Fast-fashion retailer presents ‘real challenge for Boohoo and Asos’ as it considers £50bn IPO, says analyst

The Guardian - UK

Asos to charge shoppers who regularly return large amounts of goods

Online fashion retailer writes to some customers to say they face £3.95 fee unless they keep up to £40 of order

The Guardian - UK

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Sun, sea and sales … Britain’s delayed summer arrives to thaw the retail chill

After a difficult period on the high street, base rates are falling, temperatures are rising and things are looking up

The Guardian - UK

Investors could claim £100m payout from Ladbrokes and Coral owner Entain

Legal firm says group failed to update shareholders on problems with bribery and corruption at its former Turkish operation

The Guardian - UK

Boohoo investors seek £100m in damages after minimum wage row

Legal move follows share price plunge after 2020 reports of company paying workers as little as £3.50 an hour

The Guardian - UK

Inside Shein's £50bn fashion empire, from 'sinister surveillance' tactics to its mystery founder

As ministers woo the Chinese fashion brand to make the most contentious London stock market listing in recent years, Katie Strick reports on how the hyper-fast clothing megalith went stratospheric

Evening Standard

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Boohoo backtracks on plan to pay bosses £1m bonuses

Shareholders complained about payouts amid missed bonus targets on sales, profits and IT aims

The Guardian - UK

Loss-making U.K. retailer Boohoo wants to reward its top team with millions in bonuses—and its shareholders aren't happy

“The market is unimpressed with paying executives £1 million packages when the performance of the company has been woeful,” one expert said.

Fortune

Boohoo recovery plan doubts grow as losses hit £160m

Shares fell by as much as 6.3% as the business reporting declining revenue

Evening Standard

Boohoo dives into debt as losses soar to £160m and sales slump

Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high street

The Guardian - UK

FTSE 100 Live 08 May: Shares rise again to another record, Boohoo losses grow, Wetherspoons sales up

A fresh record for the FTSE 100 index and trading updates by JD Wetherspoon and Informa today provided more cheer for investors.

Evening Standard

Asda, Asos and Boohoo must avoid ‘greenwashing’ after crackdown

Retailers will have to file regular reports to UK regulator after concerns over environmental claims

The Guardian - UK

UK Libor trader Tom Hayes loses appeal against rate-rigging conviction – as it happened

The former star UBS and Citigroup trader was convicted of conspiracy to defraud by manipulating financial benchmark and served 5 1/2 years in prison

The Guardian - UK

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Evening Standard

Zara owner Inditex's profits soar as it fends off Shein challenge

The surge in profits comes in contrast to struggling rivals including the UK’s Boohoo and ASOS

Evening Standard

Teenage darts sensation Luke Littler wins BoohooMAN modelling contract

Seventeen-year-old player could become millionaire

The Guardian - UK

Primark holds prices steady after Rita Ora helps lift sales

Cut-price fashion chain toasts festive sales rise as online rival Boohoo reports decline

The Guardian - UK

‘She agreed to work for £5 an hour’: the desperate plight of many Leicester garment workers

After Covid shone a spotlight on life in the city’s clothing industry, activists and unions gained access to factories. But abuses are still rife

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The Guardian - UK

Boohoo considers closing UK factory it set up to improve workers’ treatment

Online fashion retailer wants to ensure efficiency at sites including Leicester as its sales fall

The Guardian - UK

‘Remarksable’: M&S set to be bright spark of festive retail season amid discount war

JD is licking its wounds as Asos, Boohoo and others take the axe to prices, but Sainsbury’s and Tesco may buck the trend

The Independent UK

This week’s best deals on Christmas party essentials

Save up to 30 per cent this Christmas with discount codes from boohoo, Paul Smith, ASOS, M&S and more

The Guardian - UK

Preaching sustainability while hawking fast fashion – meet the greenwashing influencers

For all their talk of capsule wardrobes, their business model relies on big brands and rapid trend cycles, says writer Sarah Manavis

The Guardian - UK

Asos has gone from being an iconic comfort brand to a fast-fashion also-ran. What happened?

Asos has an identity crisis – and, with post-pandemic inflation, its product and business model have become unsustainable, says freelance writer Sophie Benson

The Guardian - UK

Boohoo fails to lure shoppers with discounts as rival Shein takes a bite

Fast fashion retailer expects annual sales to fall by between 12% and 17% as buyers return to high street

Evening Standard

FTSE 100 Live: London rally fades as 30-year gilt yields hit mini-Budget levels, Boohoo profit warning

Choppy stock market conditions are continuing after a spike in bond yields caused by higher-for-longer interest rate expectations.

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