Boohoo’s share value back in July, after allegations emerged that it had connections with ‘sweatshop’ factories in Leicester.Almost overnight it plummeted, from a June valuation of £5.2 billion, which was more than rivals Marks & Spencer and ASOS combined.
Throughout the spring, the Manchester-based firm had hit new highs - sales had jumped by 45 per cent to £367.8 million in the three months to May, with lockdown only aiding its online-only selling model, as rivals were forced to shutter their bricks and mortar stores at the height of the pandemic.
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