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Tag: Boohoo

Boohoo: Karen Millen skirt had Oasis label covered in pen

Boohoo: Karen Millen skirt had Oasis label covered in pen

Business
Joanna SikoraA woman who bought a skirt from Karen Millen said she "felt lied to" as it had an Oasis label covered with pen.Joanna Sikora got in touch with the BBC after we revealed that Boohoo-owned brands had sold the same clothes at different prices.Boohoo said it was investigating how this had happened and the "miscommunication was not intentional".But a company insider told the BBC "it happens all the time". Boohoo is yet to respond to these claims.Miss Sikora sent the company photographs of the altered labels and she received a refund.Joanna SikoraThe 39-year-old from Winchester said she used to like treating herself to clothes from Karen Millen, particularly for special occasions.But when the skirt arrived she remembered thinking, "For Karen Millen, that's quite poor quality," and s...
2,450 staff face redundancy as Boohoo snaps up Arcadia’s last brands

2,450 staff face redundancy as Boohoo snaps up Arcadia’s last brands

Business
Boohoo is to pay £25.2m for Dorothy Perkins, Wallis and Burton in a deal set to catapult the fashion brands to an online-only future and result in 2,450 job losses.The online fashion specialist, which has already snapped up the Debenhams name amid the COVID-19 bloodbath for physical retailers, said it was to buy all the e-commerce and digital assets of the three brands, as well as their stock. It confirmed that the deal with administrators at Deloitte did not include the brands' retail stores, concessions or franchises.The collapse of Sir Philip Green's Arcadia empire in December placed 13,000 jobs at risk and only a tiny fraction of 2,500 workers were understood to be saved when Boohoo rival ASOS landed the top names, including TopShop and Miss Selfridge, a week ago. ...
Boohoo raid completes break-up of Green’s empire

Boohoo raid completes break-up of Green’s empire

Business
Boohoo Group is in advanced talks to acquire the remaining components of Sir Philip Green's high street empire in a deal that will accelerate the transition of famous British retail names to becoming online-only brands.Sky News has learnt that Boohoo is nearing exclusive negotiations to snap up the Burton, Dorothy Perkins and Wallis brands from the administrator to Arcadia Group. A deal is not certain to be agreed, according to people close to the proposed transaction, but could be announced as soon as next week if sufficient progress is made in the talks.Other parties remain interested in the three brands and could yet buy them if discussions with Boohoo fall apart, according to insiders.Boohoo is said to have indicated to Deloitte that it will pay little more than £25m for the trio of pr...
Boohoo pays £55m for Debenhams brand but stores are to shut

Boohoo pays £55m for Debenhams brand but stores are to shut

Business
Fashion retailer Boohoo has paid £55m to acquire the brand of collapsed rival Debenhams - with the intention of relaunching it online only.The cut-price deal for the brand name, intellectual property and customer lists will eventually result in the closure of Debenhams' 118 remaining stores as none of the sites are included in the sale. Administrators at FRP Advisory confirmed stores would, once allowed under COVID-19 restrictions, re-open only for the purpose of clearing stock - with a fire sale continuing online presently. Image: Boohoo has been among online-only retailers to have bolstered sales substantially during the pandemic It leaves more than 10,000 staff facing the prospect of redundancy, though it was hoped there would be s...
Boohoo starts review after Next and Asos desert it

Boohoo starts review after Next and Asos desert it

Business
Fast fashion brand Boohoo has ordered an independent review of its UK supply chain following reports of poor working conditions at a factory in Leicester.It comes after retailers Next and Asos dropped Boohoo goods from their stores amid claims workers were underpaid and not socially distancing.Boohoo, which said it was "shocked and appalled" by the allegations, has asked a senior barrister to lead the review.Shares in the firm have dropped by almost half this week.It comes after a Sunday Times report claimed workers at a Leicester factory that supplied clothes to Boohoo were paid just £3.50 an hour, while being offered no protection from coronavirus. Big problem at Leicester factories, say workers Boohoo dropped by Next, Asos and Zalando The factory was a...