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Boohoo’s Tailspin Wipes Out $2.5 Billion in Market Value

Missed Sourcing Journal’s Virtual Sourcing Summit? It's not too late to view all keynotes and panels from the two days. Watch on demand now.

Boohoo’s stock, both fiscal and reputational, continued to plunge over the weekend as revelations emerged tying one of the ultra-fast-fashion brand’s co-founder to a factory accused of perpetuating poverty wages, endangering workers during a pandemic and contributing to a localized spike in coronavirus cases in Leicester, England. The Guardian reported Friday that the factory, which…

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