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Investors, Wowed by Boohoo’s ESG Standing, Missed ‘Clear Red Flag’

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Investors who snapped up Boohoo’s shares because of the ultra-fast-fashion e-tailer’s robust ethical rating—if only on paper—missed a “clear red flag,” according a leading London-based financial broker. In a research note published Tuesday, Liberum criticized some of the apparel group’s institutional investors for not questioning its limited disclosures on the sources of its wares, which…

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