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Nigel TAYLOR Published
June 6, 2025
Boohoo’s troubles continue to surface. The once-dominant fast-fashion retailer is now facing a lawsuit related to historical claims of worker mistreatment and factory violations at manufacturing ops it used in Leicester.
The original claims by the Sunday Times back in 2025 led to a Boohoo share-price collapse, wiping more than £1.5 billion off the online retailer’s market value.
It also saw the company putting various measures in place to ensure factories it sent work to were complying with its standards.
But now law firm Fox Williams has filed a lawsuit against Boohoo Group on behalf of a group of 49 institutional investors, according to various reports.
They claim investors who bought shares in the years leading up to 2025 report suffered huge losses as a result of the share price drop.
That’s a risk all investors take when buying shares, but in this case, the investors allege that Boohoo “made untrue or misleading statements and failed to disclose or delayed the disclosure of material about the matter to the market, breaching its obligations under the Financial Services and Markets Act 2000”.
The law firm said it was seeking to recover damages, plus interest and costs, for the investors, but we don’t know how much they want.
But a spokesperson for Boohoo Group told the City AM: “We have been made aware of a claim that is being brought by certain shareholders. The company strongly contests the allegations and will vigorously defend any claim.”