LONDON – Responsible investment charity ShareAction has written to major investors in fast fashion retailer Boohoo urging them to pressure the company's management over pay and conditions in its Leicester supply factories.
ShareAction made the move after being shocked to discover that Boohoo's share price had risen after Alison Levitt QC's inquiry found significant ‘failings’ in Boohoo's UK supply chain and called for improvements to its corporate governance, compliance and monitoring processes.
The report, which was commissioned by Boohoo, found no evidence of criminal negligence but it backed up allegations of low pay and poor working conditions.
