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

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

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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