Online fashion retailer boohoo (LON: BOO) has published the independent report on its suppliers in Leicester and the share price recovered 50p to 374.5p, compared with a year high of 433.5p and well above the level when criticism started. Management has accepted the findings and recommendation of the report.
The 234 page report is critical of boohoo and its processes and says that the allegations about suppliers in Leicester were substantially true. There have already been six suppliers terminated and others suspended.
More than 150 audits of suppliers have already been carried out. Susp...
