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

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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