LONDON – Two of Boohoo’s leading shareholders appear to be sticking by the fast fashion brand after Labour MP Liz Kendall this week called on them to oust the company’s CEO and chair over the its “appalling worker exploitation in Leicester supply chains,” highlighted by Alison Levitt QC.
Baillie Gifford and Jupiter Fund Management PLC both told Apparel Insider they would not be commenting on the MP’s demands. Kendall’s comments follow the publishing by Alison Levitt QC of an independent investigation into Boohoo which found serious failings in corporate governance at the Manchester company.
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