Saturday, October 24, 2020

SLEAZY CAPITALI$M
MARKET REPORT: Boohoo bosses scoop up shares on the cheap as the scandal-hit online retailer falls out of fashion

By FRANCESCA WASHTELL FOR THE DAILY MAIL
20 October 2020
Bosses at Boohoo have scooped up shares in the scandal-hit online retailer after another slump in the price.

The fast fashion company’s stock nosedived by more than a fifth this week after its auditor PwC quit and four other beancounters ruled out working for it. 

Since July Boohoo has been rocked by claims that some of its clothes were being made in sweatshops, with staff paid as little as £3.50 ($5.99 CAD) an hour.


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