Boohoo shares plunge amid concern over factory conditions

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More than £1.5bn wiped off online fashion retailer’s stock market value in just two days

The value of the online fashion retailer Boohoo has plunged by more than £1.5bn in two days, after revelations about conditions endured by the workers that supply its garments.

Source: News Formal (newsformal.com)

 

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ban illegal sweat shops paying below minimum wage

It was mentioned in their latest financial statements that they had been working with Leciester council since 2017 regarding these concerns. Seems no one bothered to read it if the share price has only just dropped.

Oh dear. How sad. Never mind.

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