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The Latest Breaking News from Boohoo

Leicester garment makers warn of crisis as fast-fashion brands squeeze suppliers

Midlands city’s industry alleges firms are forcing through discounts and imposing financial penalties over small errors

The Guardian - UK

'Disco cowgirl’ fashion trend could take over UK festival fashion this summer

The new trend is starting to do the rounds on TikTok

Bristol Post

Boohoo boss takes home £650,000 bonus despite fast-fashion giant making over £90m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Manchester Evening News

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Boohoo founders get hefty bonuses despite missing sales and profit targets

Carol Kane and Mahmud Kamani paid about £1m each after bonuses equivalent to annual basic salary

The Guardian - UK

Boohoo CEO handed £650,000 bonus despite fashion giant making almost £91m loss

Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street

Birmingham Post

One of the UK's largest accountancy firms returns to Manchester after a decade away

11 York Street is owned by Aviva Investors and counts the likes of Rolls-Royce among its tenants

Birmingham Post

'Worst is over' for Boohoo as investors encouraged to buy up shares

Boohoo revealed its latest full-year results recently

Birmingham Post

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Shein to open 30 stores this year to rival Primark - including UK branches

The temporary stores will open across the EMEA (Europe, the Middle East and Africa) region as Shein looks to increase its high street presence and take on the likes of Primark

Daily Mirror

Company backed by boxing star Anthony Joshua collapses into liquidation

The company's website is still active and it's not clear whether the brand will continue under a new owner

Manchester Evening News

Boohoo vows to keep prices down despite losing over £90m

The group has also been encouraged to take inspiration from rival Asos

Manchester Evening News

Boohoo makes huge £91million loss as shoppers spend less

It said it had plans to turn things around

Wales Online

Boohoo plunges to £90.7m loss, but shares surge as boss promises return to growth by Autumn

Josh Warner, market analyst at City Index, said: “What a rough year for Boohoo”

Evening Standard

Boohoo swings to £91m loss as shoppers return more items

Online fashion business loses out as shoppers return to high streets after Covid lockdowns

The Guardian - UK

Boohoo slumps to £91m loss as the cost-of-living crisis squeezes shoppers

During the year the number of people employed by Boohoo increased from 5,350 to 6,190

Birmingham Post

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Evening Standard

Mahmud Kamani net worth | Evening Standard Tech Rich List

The son of an Indian-Kenyan father, Mr Kamani was born into a hustle culture in sixties Britain and started off selling handbags from a market stall.

Liverpool Echo

Shoppers 'need' this crochet dress from Boohoo

One person said: "Such a cute fit"

Daily Mirror

Boohoo pay out millions after giving customers fake ‘discounts’ on PrettyLittleThing

Eligible shoppers will be receiving vouchers they will be able to use on Boohoo's sites; boohooMAN, PrettyLittleThing and NastyGal after reaching a settlement over falsely advertised online sales

Manchester Evening News

Boohoo settles $197m court case over 'fake' discounts

It is understood that the settlement has been reached 'without admission of liability'

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Birmingham Post

Boohoo settles $197m US class action over 'fake' discounts

It is understood that the settlement has been reached 'without admission of liability'

Daily Mirror

10 best celebrity Met Gala looks from Kate Moss to Dua Lipa - and where to find affordable dupes at H&M, Boohoo and New Look

The star-studded red carpet event was held in New York on Monday, May 1

Birmingham Post

THG, Boohoo, Matalan and JD Sports: The 19 latest North West hires and promotions

BusinessLive rounds up the latest hires and promotions across the North West

Birmingham Post

Boss of THG activist shareholder Kelso Group joins Boohoo board

Kelso Group is chaired by former DLA partner Sir Nigel Knowles while other investors include Luke Johnson, Nigel Wray and Umar Kamani

Manchester Evening News

Company behind 'Tinder-style' property app run by PrettyLittleThing founder owed almost £3m before collapse

Adam Kamani set up PrettyLittleThing in 2012 with his brother Umar before Boohoo bought a majority stake in 2017

Birmingham Post

Company behind 'property dating' app run by PrettyLittleThing's Adam Kamani owed almost £3m as it entered liquidation

The business was set up in February 2017 and is based in Little Peter Street, Manchester

The Money Edit

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