MPs call for Boohoo CEO to go

Liz Kendall, a Labour shadow minister and MP for Leicester West has written to several institutional investors asking them to remove the Boohoo CEO and chair.

The call comes after the revelations into labour within Leicester’s garment industry and particularly in factories owned by Boohoo.

Investors including Jupiter, Invesco and Baillie Gifford are being urged to create a boardroom revolution, following a report that MPs Kendell, Jon Ashworth, and Claudia Webbe described as “damning” and accused Boohoo of failure to change, saying it had “unacceptable working conditions in its Leicester factories for years, but has failed to take the necessary action anywhere quickly enough”.

The MPs go on to say: “The Chief Executive of Boohoo is ultimately responsible for these failings and should now resign. Boohoo’s board must set out – as a matter of urgency – how it will ensure the poor and even illegal treatment of workers throughout its supply chain never happens again.”

Boohoo has struggled with the revelations, but these issues have had little long-term effect on its share price.

    Share Story:

Recent Stories


Are property insurers ready for timber
The Structural Timber Association is gearing up to help all stakeholders in the construction supply chain to fully appreciate the advantages of building in timber, how to deliver such projects and most importantly to understand and manage the risks.

The changing face of BC and WAR
The working environment has changed quite dramatically for many over the last six months. With social distancing and the rise of homeworking, it is not just how businesses operate that has changed, but also how they recover. In this podcast we discuss some of the challenges created by the quick shift to home working, why the office may not have seen its last days and how the current environment can impact the ability of a business to recover.