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

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

BOOHOO GROUP PLC

(BOO)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/25 11:38:24 am
373.8 GBX   +15.23%
09/25BOOHOO GROUP PLC : half-yearly earnings release
09/25BOOHOO : to tackle failings in Leicester supply chain
RE
09/25BOOHOO : to tackle failings in Leicester supply chain
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

boohoo : Response to The Sunday Times investigation

share with twitter share with LinkedIn share with facebook
07/06/2020 | 03:15am EDT

This week a number of serious allegations have been made about the treatment of people working in the garment industry in Leicester. As one of a number of retailers that source products in the area, boohoo wants to reiterate that it does not and will not condone any incidence of mistreatment of employees and of non-compliance with our strict supplier code of conduct.

Boohoo remains committed to supporting UK manufacturing and is determined to drive up standards where this is required. Where help and support for improvement is required we have and will continue to provide it, to ensure that everyone working to produce clothing in Leicester is properly remunerated, at least the National Minimum Wage, fairly treated and safe at work. However, we will not hesitate to immediately terminate relationships with any supplier who is found not to be acting within both the letter and spirit of our supplier code of conduct. This includes very clear expectations on transparency about second tier suppliers.

We are grateful to the Sunday Times for highlighting the conditions at Jaswal Fashions, which, if they are as described by the undercover reporter, are totally unacceptable and fall woefully short of any standards acceptable in any workplace. Our investigations have shown that Jaswal Fashions is not a declared supplier, and is no longer trading as a garment manufacturer. It therefore appears that a different company is usingJaswal's former premises and we are currently trying to establish the identity of this company. We are taking immediate action to thoroughly investigate how our garments were in their hands, and we will ensure that our suppliers immediately cease working with this company

Our support for UK manufacturing is not driven by price; in fact, overseas pricing is much more competitive. Our international distribution centre is located in the UK and having a local supply base enables shorter lead times and supports our agile business model.

In 2019, we retained the services of a third party compliance specialist to strengthen our compliance and auditing programme. Boohoo are keen and willing to work with local officials to raise standards because, we are absolutely committed to eradicating any instance of non-compliance and to ensuring that the actions of a few do not continue to undermine the excellent work of many of our suppliers in the area, who work tirelessly to provide good jobs and good working conditions.

Disclaimer

Boohoo.com plc published this content on 05 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2020 07:13:01 UTC

share with twitter share with LinkedIn share with facebook
All news about BOOHOO GROUP PLC
09/25BOOHOO GROUP PLC : half-yearly earnings release
09/25BOOHOO : to tackle failings in Leicester supply chain
RE
09/25BOOHOO : to tackle failings in Leicester supply chain
RE
09/10The fund managers, the sleuths and the mystery of the missing ESG
RE
09/03ASOS, AO World and Ocado winners as online sales surge during UK lockdown
RE
08/20UK retailer AO World's sales surge as demand continues after lockdown
RE
07/19UK lawmakers, retailers call for action to prevent garment workers' exploitat..
RE
07/17BOOHOO : tells UK Home Secretary it is probing charges of malpractice in supply ..
RE
07/17BOOHOO : Credit Suisse remains Neutral
MD
07/14Online electrical retailer AO World posts profit, sales rise
RE
More news
Financials
Sales 2021 1 582 M 2 020 M 2 020 M
Net income 2021 84,9 M 108 M 108 M
Net cash 2021 329 M 420 M 420 M
P/E ratio 2021 56,2x
Yield 2021 -
Capitalization 4 346 M 5 520 M 5 548 M
EV / Sales 2021 2,54x
EV / Sales 2022 2,00x
Nbr of Employees 2 692
Free-Float 78,8%
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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 402,15 GBX
Last Close Price 374,50 GBX
Spread / Highest target 37,5%
Spread / Average Target 7,38%
Spread / Lowest Target -49,3%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
BOOHOO GROUP PLC25.71%5 520
INDUSTRIA DE DISEÑO TEXTIL, S.A.-25.53%84 748
KERING SA-3.28%82 210
FAST RETAILING CO., LTD.-0.31%62 628
ROSS STORES, INC.-24.47%31 304
HENNES & MAURITZ AB-22.72%26 676