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Boohoo owner Mahmud Kamani told the MPs that he is feeling punished for not taking more business out of the UK. Kamani was speaking before the environment audit committee, which is probing into its business practices.
- The company has been accused that its suppliers were paying workers less than the minimum wage.
- The environment audit committee hearing found that Boohoo had exited 64 factories in Leicester in 2019 on concerns of labour law abuse, as it had sought to reform its supply chain.
- However, Kamani or group director of responsible sourcing have not disclosed how many of these 64 supplier cases were related to low wages.
- Kamani added that one of the two compliance auditors, Verisio retained by the company has already conducted more than 400 audits.
- Boohoo owner, in a veiled threat said that there is a possibility that more of Boohoo’s business could be taken out of the country if inquiry of its UK supply chain became too arduous. He added that it is very easy for the company to take all the production out of the country.
- Kamani, though also said that the company is committed to Leicester, and once they start working closely with factories, production and units in Leicester would hopefully be increased.
- He also said that the firm is working proactively to fix the things like workers’ pay and ultra-low pricing, which have cropped up recently.
- The stocks of boohoo Group Plc (LON:BOO) on 17 December 2020, traded higher by 4.07% from its previous closing, hovering at around GBX 314.20 at 14:27 PM GMT+1.
