Boohoo to move 40% of production overseas after Leicester scandal City broker claims

Leicester Boohoo

A leading City analyst today predicted online fashion group Boohoo would have to move 40% of its manufacturing base from the UK to combat the scandal over alleged poor conditions in its Leicester suppliers’ factories.

Credit Suisse said moving four out 10 of Boohoo’s UK manufacturing was its “base case” forecast as the company fights to regain its reputation.

Read the full story on the Evening Standard.