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Topshop owner Arcadia falls into administration, putting more than 13,000 jobs at risk. It's the UK's biggest corporate casualty of the COVID-19 crisis so far.

Simon Dawson/Reuters The Arcadia Group, which owns British fashion brands including Topshop, Dorothy Perkins, and Miss Selfridge, has fallen into administration, Deloitte confirmed Monday night. This puts more than 13,000 jobs at risk, though no redundancies have been announced yet. The company's CEO said COVID-19 was to blame. The pandemic has caused Arcadia's stores to close in two national lockdowns. But rival fast fashion retailers were already attracting the Arcadia Group's customers...
Tags: Amazon, Topshop, UK, Trends, Green, Arizona, Michael Gove, Mike Ashley, Retail, Debenhams, Deloitte, Zara, Sir Philip Green, Labour Party, Primark, Inditex


Arcadia, the owner of British brands Topshop and Miss Selfridge, is on the brink of collapse, risking 13,000 jobs

Topshop stores across England have had to close during the country's second national lockdown. Tolga Akmen/AFP via Getty Images The Arcadia Group, which owns British brands including Topshop, Miss Selfridge, and Dorothy Perkins, could appoint administrators early next week, sources told Sky News. The collapse of the group would put 13,000 jobs at risk. Arcadia's brands have been hit by two national lockdowns, which forced non-essential businesses, including clothing stores, to shut. In...
Tags: Topshop, UK, England, Digital, US, Trends, Green, Arizona, Retail, Stores, Deloitte, Sky News, Sir Philip Green, Asos, Arcadia, Afp


Boohoo appoints former judge Sir Brian Leveson to probe company's ethics

Sir Brian Leveson will oversee the company's efforts to monitor its suppliers more closely.
Tags: UK, News, Boohoo, Brian Leveson


Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Coupons & Sales: 80% off at Boohoo, 50% off Eloquii, 50% off Topshop, & More

Here's where to save on beauty and fashion this weekend.
Tags: Deals, Topshop, Shopping, College, Boohoo, Eloquii


Boohoo introduces you to your new style gurus, the Hembrow Sisters

Boohoo — the global online fashion store trusted by millions of the best-dressed people on the planet, including your most stylish friends — is going in for a second partnership with one of the hottest names in fashion and social media.
Tags: Cnn, Boohoo


Leicester textile firms 'involved in money laundering'

Some of the companies involved have supplied Boohoo and Select Fashion, a BBC investigation finds.
Tags: UK, News, Bbc, Boohoo


UK fast fashion giant Boohoo is becoming a transatlantic force: Total sales topped $1 billion in the first half of 2020, and US sales doubled

Boohoo British fast fashion retailer Boohoo earned £816.5 million ($1.05 billion) in sales in the six months to August 31, it reported on Wednesday. Boohoo’s international popularity is growing rapidly: Sales in the US nearly doubled compared to the same time last year. Nearly half of the group’s sales are now made outside of the UK. Recent allegations of "lockdown breaches, exploitation, and modern slavery” among its suppliers don’t seem to have dented sales. Boohoo said it has a “highly...
Tags: Fashion, UK, Clothing, US, Trends, Nike, E-commerce, Fast Fashion, Retail, Clothes, Office For National Statistics, Zara, Inditex, Retail Sales, Boohoo.com, Boohoo


Fast fashion giant Boohoo ignored red flags over working conditions among suppliers and often has 'no idea where its clothes are being made,' an independent review found

Boohoo founder Mahmud Kamani and business partner Carol Kane. Jerritt Clark/Getty Images for Boohooo An independent review into fast fashion giant Boohoo's supply chain found "multiple failings" over pay and working conditions.  Boohoo, which faced allegations of "modern slavery" in its supply chain in June, ignored red flags, the review found. Multiple textile factory workers claimed to be paid less than the minimum wage, and around half of the suppliers and subcontractors investigated ha...
Tags: Fashion, UK, England, Trends, UK News, Fast Fashion, Retail, Clothes, Leicester, Sunday Times, Asos, Boohoo.com, Boohoo, Levitt, LBL, Mahmud Kamani


Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future

Michael Corbat, left, CEO of Citigroup, and Jamie Dimon, CEO of JPMorgan Chase, testify during a House Financial Services Committee hearing in Rayburn Building titled "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis," on Wednesday, April 10, 2019. Tom Williams/Getty Hiya.Last week it was a new chief executive at a major Wall Street bank. Now a possible bank mega-merger is on the radar.UBS Group and Credit Suisse Group AG are...
Tags: Wall Street, US, Trends, Bank Of America, Paypal, Citigroup, Jamie Dimon, Mario Andretti, Citi, Reuters, Boohoo, Mason, DUBLIN Ireland, JPMorgan Chase, Steve Cohen, Revlon


There needs to be a reckoning in the fashion industry

FILE PHOTO: A model walks on an in-house catwalk at the ASOS headquarters in London Reuters The fashion industry has long been under fire for human rights abuses. But the COVID-19 crisis is shining a new light on those abuses. Without a system that allows consumers to hold companies accountable, the abuses will persist. Nicky is a writer and speaker who primarily covers arts and culture. This is an opinion column. The thoughts expressed are those of the author. Visit Business Insider's hom...
Tags: UK, England, London, Trends, Bangladesh, Leicester, BLM, Primark, Asos, Matalan, Reuters, Boohoo, WRC, Nicky, Penn State University, DPD


Revealed: auditors raised minimum-wage red flags at Boohoo factories

Exclusive: Third-party reports set out allegations at 18 Leicester suppliers How Leicester’s factories went to war with BoohooThe fast-fashion retailer Boohoo has been selling clothes made by at least 18 factories in Leicester that audits say have failed to prove they pay the minimum wage to workers, a Guardian investigation has found.Third-party audit reports produced over the past four years make claims of “critical” issues over record-keeping and working hours at the time they were written, s...
Tags: Business, Fashion, Life and style, Society, UK News, Minimum Wage, Fashion industry, Leicester, Boohoo, BoohooThe


Boohoo told to address exploitation claims amid criticism

MP Philip Dunne says it is "shameful" it took the pandemic for the retailer to acknowledge issues.
Tags: News, Boohoo, Philip Dunne


Leicester factory put lives at risk during lockdown, claims garment worker

Exclusive: amid allegations of production continuing behind closed doors, regulators have clamped down in the cityCoronavirus – latest updatesSee all our coronavirus coverageWhen the garment factory where Anil worked learned that the risk of coronavirus meant it couldn’t do business as usual, it didn’t shut up shop. Instead, it locked the doors.“It was always going,” said Anil, not his real name. “They wrote on pieces of paper: ‘The factory is closed because of coronavirus.’ But they locked the ...
Tags: Health, Business, Society, UK News, Retail industry, Health policy, Leicester, Employment law, Manufacturing sector, Boohoo, Anil, Coronavirus outbreak


Coronacoinages III

It’s been almost four months—four months—since I first wrote about the new words emerging from the COVID-19 pandemic. Through surges and spikes and reopenings and retreats, the indomitable spirit of wordy invention soldiers on. Here are some coronacoinages I’ve noticed recently. Let me know if I’ve overlooked any of your favorites. * Blursday. Monday, Saturday, who knows? I first heard Blursday on the July 6 episode of the excellent Because Language podcast, but it’s considerably older tha...
Tags: Japan, Wtf, Medicine, Time, Current Affairs, Linguistics, Ben Smith, Neologisms, Boohoo, Lululemon, WBUR, Nancy Friedman, TeePublic, Portmanteaus, San Carlos California, Benjamin Dreyer


The Boohoo Disaster, Explained

Boohoo was one of the fastest-growing retailers in Britain. Now the company is in trouble after revelations about working conditions in supplier factories.
Tags: England, News, E-commerce, Green, Britain, Carol, Jenner, Kane, Philip, Boohoo, Kylie, Fashion and apparel, Shopping and Retail, Wages and Salaries, Factories and Manufacturing, Mobile Commerce and Payments


Amazon drops Boohoo over worker exploitation claims

Online fashion retailer Boohoo is launching an independent review of its UK supply chain after a media report revealing dire working conditions at a factory caused sellers including Amazon to drop its products.
Tags: Amazon, UK, Cnn, Boohoo


Next, Asos and Amazon drop Boohoo amid Leicester factory claims

Retailers suspend label from websites after report on supplier working conditionsNext, Asos and Amazon pulled all Boohoo clothing from sale as growing anger over workers’ pay and conditions at the company’s suppliers resulted in £1.5bn being wiped from the fast fashion brand’s value in two days.Allegations that some factories in Leicester that sell clothes to Boohoo pay as little as £3.50 an hour and failed to protect workers from coronavirus emerged last week. On Tuesday, the three online retai...
Tags: Amazon, Business, Fashion, Life and style, UK News, Retail industry, Leicester, Asos, Next, Boohoo, Zalando, Coronavirus outbreak


Boohoo dropped by Next, Asos and Zalando over exploitation claims

Three major online retailers have dropped Boohoo over allegations of low pay and unsafe conditions.
Tags: News, Asos, Boohoo, Zalando


Inside the lavish lives of the billionaire family behind Boohoo, the fast-fashion giant called out in an investigation into workers being paid just $4 an hour at suppliers' factories

Boohoo is the UK's fast-growing fast-fashion retailer that was set up in 2006 by Mahmud Kamani and his business partner Carol Kane and is now valued at more than $4.3 billion.  The company has come under intense scrutiny this month after a Sunday Times investigation found that a factory supplying its clothes was paying workers as little £3.50 ($4.37) an hour and flouting COVID-19 social distancing rules. The company said it is investigating the report and described the conditions as "totally ...
Tags: UK, New York, Instagram, America, Trends, Manchester, The Times, The Guardian, Whistler, Sunday Times, Primark, Reuters, Boohoo, Adam, Aisha, Samir


Boohoo investigates supplier over poor conditions

The firm vows to take action amid reports staff in Leicester are underpaid and not socially distancing.
Tags: UK, News, Leicester, Boohoo


Boohoo booms as Leicester garment factories are linked to lockdown

Exclusive: Fashion brand profits from ‘stay home’ clothing supplied at speed from city now experiencing Covid-19 surgeCoronavirus – latest updatesSee all our coronavirus coverageOn 27 March, even as the rest of the UK were trying to make sense of how to get through the coronavirus crisis, Boohoo seemed to have nailed it.It was a Friday, and usually the fast-fashion brand’s irrepressibly bouncy Twitter account would be pitching dresses and shoes to its followers ahead of a night out. But this was...
Tags: Business, Fashion, UK, Money, Life and style, UK News, Consumer affairs, Retail industry, Online Shopping, Fashion industry, Leicester, Boohoo, Coronavirus outbreak


3 Businesses That Have Fared Spectacularly During The Lockdown

In the shark-infested waters of business, startups are teeny tiny plankton being gobbled up by the bigger, more intricately evolved aquatic species of the corporate world. Most of them will be devoured before they even learn how to swim. But every now and again, there’ll be a start-up platform that grows a fin and some legs, and swims its way to the top of the food chain. Now that this tortured analogy is over – and has shown its writer’s VERY limited understanding of evolutionary biology – we ...
Tags: Startups, Bbc, Portugal, Others, Boohoo, Business Advice, Property Lisbon, BrewDog Alcohol


Boohoo swoops again as snaps up Oasis and Warehouse brands

Boohoo's spending spree is in step with its own customers as it continues to buy up High Street names.
Tags: News, Boohoo


Coronavirus: Boohoo blasted over £5 fashion face masks

Boohoo has apologised for the masks and withdrawn them from sale after complaints.
Tags: News, Boohoo


A TikTok influencer group shares the exact 8-page media kit it's using to pitch brand sponsorships of a new collab house

Girls in the Valley, a new TikTok content house in Los Angeles, is launching its brand at a time when in-person socializing is mostly off limits because of the coronavirus outbreak. The seven-person house was set up by the talent-management firm Influences, which held a launch event for the creator collective in mid-March. For now, only some of the collective's members are living at the house. Several of its creators have decided to shelter in place at their families' homes. In the future, whe...
Tags: California, Disney, US, Los Angeles, Trends, Girls, Bella Thorne, Boohoo, Bella, Valley, Jacob, Elaine, Thorne, Rhett, Hayma Washington, Doja Cat


A top TikTok influencer group shares the exact 8-page pitch deck it's using to land brand sponsorships for a new collab house

Girls in the Valley, a new TikTok content house in Los Angeles, is launching its brand at a time when in-person socializing is mostly off limits because of the coronavirus outbreak. The seven-person house was set up by the talent-management firm Influences, which held a launch event for the creator collective in mid-March. For now, only some of the collective's members are living at the house. Several of its creators have decided to shelter in place at their families' homes. In the future, whe...
Tags: California, Disney, US, Los Angeles, Trends, Girls, Bella Thorne, Boohoo, Bella, Valley, Jacob, Elaine, Thorne, Rhett, Hayma Washington, Doja Cat


A TikTok influencer group is renting Bella Thorne's mansion to live in and film. Here's the exact 8-page media kit it's using to pitch brands for sponsorships of the collab house.

Girls in the Valley, a new TikTok content house based in Los Angeles, is launching its brand at a time when in-person socializing is mostly off limits due to the coronavirus outbreak. The 7-person house was set up by the talent management firm Influences, which held a launch event for the creator collective in mid-March. For now, only some of the collective's members are living at the house. Several of its creators have decided to shelter-in-place at their families' homes. In the future, when ...
Tags: California, Disney, US, Los Angeles, Trends, Girls, Bella Thorne, Boohoo, Bella, Valley, Jacob, Thorne, Rhett, Hayma Washington, Doja Cat, Brent Rivera


Boohoo finds silver lining in Britain's depressed retail market

British online fashion retailer Boohoo lifted its full-year guidance after reporting robust Christmas sales on Tuesday, outperforming rivals and overcoming weak UK consumer spending.
Tags: UK, Money, businessNews, Britain, Boohoo


Boohoo finds festive cheer in Britain's depressed retail market

British online fashion retailer Boohoo lifted its full-year guidance after reporting robust Christmas sales on Tuesday, outperforming rivals and overcoming weak UK consumer spending.
Tags: UK, Money, businessNews, Britain, Boohoo