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Manchester Evening News
Manchester Evening News
World
Jon Robinson

Why fashion giant Boohoo has made investors 'cry into their cornflakes'

It's been a tough week for Manchester-headquartered fashion giant Boohoo after revealing it had racked up losses of more than £15m.

The group, which includes the PrettyLittleThing and Karen Millen brands, also reported a 10% drop in its revenue to £882.4m for the six months to the end of August.

In a statement, Boohoo argued that higher returns and cost-of-living pressures on customer spending had impacted its results.

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