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7th July 2020
12:31pm BST

"We will not hesitate to immediately terminate relationships with any supplier who is found to not be acting within both the letter and spirit of our supplier code of conduct. "This includes very clear expectations on transparency about second-tier suppliers."Despite their reassurances to the market, however, shares plummeted during early trading. Sarah Riding, a partner specialising in retail supply chain management at Gowling WLG law firm, said:
"The fact that there are not proactive checks in place already at Boohoo is disappointing, given their prominent place in the market and claims of high ethical commercial standards. "Their immediate steps to investigate should have already been built into their core supply chain management process and robust continual audits on their suppliers should have been in place."Speaking to Sky News at the weekend, British Health Secretary Matt Hancock said that there are "quite significant concerns" about the employment practices at clothing factories in Leicester. He warned these factories that the government has the power to shut them down if they are seen to not be following proper coronavirus guidelines. Boohoo also owns online clothing brands Pretty Little Thing, Nasty Gal, and MissPap. It was valued last year at just under €950M
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