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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Boohoo group plc    BOO   JE00BG6L7297

BOOHOO GROUP PLC

(BOO)
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Delayed Quote. Delayed London Stock Exchange - 10/23 11:35:24 am
279 GBX   +5.48%
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Boohoo : tells UK Home Secretary it is probing charges of malpractice in supply chain

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07/17/2020 | 02:17pm EDT
Britain's Home Secretary Priti Patel leaves Downing Street 10 in London

Fashion retailer Boohoo Group Plc wrote a letter to UK Home Secretary Priti Patel, saying that the company is taking action to probe allegations of malpractice in its supply chain and that it asks for the government to take action as well.

Fashion retailer Boohoo Group Plc wrote a letter to UK Home Secretary Priti Patel, saying that the company is taking action to probe allegations of malpractice in its supply chain and that it asks for the government to take action as well.

The company said in the letter that it supported the call by the British Retail Consortium to implement a licensing scheme that would ensure all garment factories are meeting legal obligations to their employees.

"We fully support the proposals of the British Retail Consortium and others on the need to implement statutory licensing of garment factory owners and managers to ensure they are 'Fit to Trade'", Boohoo said in the letter, dated July 17.

Boohoo shares fell earlier this month when The Sunday Times reported that workers in a factory in Leicester, central England, who were making clothes destined for Boohoo, were paid as little as 3.50 pounds ($4.40) an hour.

The firm said in response that it would commission an independent review of its supply chain in Britain.

Britain's minimum wage is 8.72 pounds for people over 25 years old and 8.20 pounds for people aged 21 to 24.

(Reporting by Kanishka Singh in Bengaluru; editing by Edward Tobin)


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Financials
Sales 2021 1 650 M 2 154 M 2 154 M
Net income 2021 96,8 M 126 M 126 M
Net cash 2021 327 M 427 M 427 M
P/E ratio 2021 39,9x
Yield 2021 -
Capitalization 3 519 M 4 591 M 4 593 M
EV / Sales 2021 1,93x
EV / Sales 2022 1,51x
Nbr of Employees 2 692
Free-Float 76,6%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 433,70 GBX
Last Close Price 279,00 GBX
Spread / Highest target 97,1%
Spread / Average Target 55,4%
Spread / Lowest Target -31,9%
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Managers
NameTitle
John Lyttle Chief Executive Officer & Director
Mahmud Abdullah Kamani Executive Chairman
Neil James Catto Chief Financial Officer & Executive Director
Jo Graham Chief Information Officer
Carol Mary Kane Executive Director
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