Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Boohoo group plc
  6. News
  7. Summary
    BOO   JE00BG6L7297

BOOHOO GROUP PLC

(BOO)
  Report
Delayed Quote. Delayed London Stock Exchange - 04/20 03:16:09 am
350.2 GBX   -0.06%
04/13BOOHOO  : Buys New $99 Million Office in London
MT
04/09Boohoo's new warehouse to boost sales capacity to more than $5.5 billion
RE
04/09BOOHOO  : Signs Long-Term Lease for New Warehouse in UK
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Boohoo : defends supplier practices after report of possible U.S. import ban

03/02/2021 | 04:49am EDT
FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration

LONDON (Reuters) - Britain's Boohoo defended its supplier practices again on Tuesday after a Sky News report said the online fashion retailer faced the possibility of a U.S. import ban due to allegations over the use of slave labour in supplier factories.

Sky News said U.S. Customs and Border Protection (CBP) has seen sufficient evidence to launch an investigation after petitions from lawyer Duncan Jepson, who runs Liberty Shared, a campaign group against modern-day slavery.

It quotes Jepson as saying Boohoo is not doing enough to stop forced labour in the factories in Leicester, central England, which supply many of its clothes.

Shares in Boohoo were down 5.7% at 0907 GMT.

Last September Boohoo accepted all the recommendations of an independent review which found major failings in its supply chain in England after newspaper allegations about working conditions and low pay, and set out steps to tackle the problems.

The group, which sells own-brand clothing, shoes, accessories and beauty products targeted at 16- to 40-year-olds, said that over the past eight months it has been working closely with UK enforcement bodies.

"It is important to note that auditors and investigators who are forensically examining suppliers in Leicester have found no evidence of modern day slavery," it said in a statement.

Boohoo said it has not been notified of any investigation by U.S. CBP.

"We are confident in the actions that we are taking to ensure that all of the group's products meet and exceed the CBP criteria on preventing the product of forced labour entering the U.S.," it said.

"We will work with any competent authority to assure them that products from our supply chain meet the required standard."

In November Boohoo appointed retired judge Brian Leveson to independently check its "Agenda for Change" programme, which implements the recommendations of the independent review.

"The group continues to make excellent progress as it works to implement the review's recommendations and improve our supply chain in Leicester," it added.

(Reporting by James Davey)


© Reuters 2021
All news about BOOHOO GROUP PLC
04/13BOOHOO  : Buys New $99 Million Office in London
MT
04/09Boohoo's new warehouse to boost sales capacity to more than $5.5 billion
RE
04/09BOOHOO  : Signs Long-Term Lease for New Warehouse in UK
MT
04/06BOOHOO  : Probes Unequal Pricing for Same Products of Different Brands
MT
03/30Most companies silent as pressure mounts for workforce data
RE
03/25BOOHOO  : cuts number of UK suppliers
RE
03/25BOOHOO  : List of boohoo Group approved UK manufacturers
PU
03/25BOOHOO  : Launches Sustainability Strategy Aimed at Smarter Manufacturing, Emiss..
MT
03/25BOOHOO  : publishes UK manufacturers list
PU
03/25BOOHOO  : Sir Brian Leveson's second report to the boohoo Board
PU
More news
Financials
Sales 2021 1 724 M 2 414 M 2 414 M
Net income 2021 95,9 M 134 M 134 M
Net cash 2021 280 M 392 M 392 M
P/E ratio 2021 48,2x
Yield 2021 -
Capitalization 4 374 M 6 118 M 6 122 M
EV / Sales 2021 2,37x
EV / Sales 2022 1,78x
Nbr of Employees 2 692
Free-Float 76,4%
Chart BOOHOO GROUP PLC
Duration : Period :
boohoo group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BOOHOO GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 462,11 GBX
Last Close Price 350,40 GBX
Spread / Highest target 84,1%
Spread / Average Target 31,9%
Spread / Lowest Target -20,1%
EPS Revisions
Managers and Directors
NameTitle
John Lyttle Chief Executive Officer & Director
Neil James Catto Chief Financial Officer & Executive Director
Mahmud Abdullah Kamani Executive Chairman
Jo Graham Chief Information Officer
Iain McDonald Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BOOHOO GROUP PLC2.16%6 118
INDUSTRIA DE DISEÑO TEXTIL, S.A.10.56%106 045
KERING7.71%94 893
FAST RETAILING CO., LTD.-3.38%84 676
ROSS STORES, INC.3.81%46 327
HENNES & MAURITZ AB21.31%40 914