Boohoo Exec Likely Aware of Leicester Factory Conditions, Investors Sue

Investors allege Mahmud Kamani, Boohoo’s executive chairman, likely knew about “terrible, unsafe and unsanitary” conditions in Leicester factories supplying the fast-fashion retailer prior to the 2020 scandal. The High Court lawsuit seeks £177 million plus interest, citing a 42% drop in Boohoo’s AIM-listed shares after reports exposed underpayment and hazardous work, including £3/hour rates and long hours, even during the pandemic. Supporting claims note the Kamani family’s close ties to suppliers, with lawyers pushing for logs of communications between Mr Kamani and his sons Umar and Samir, who headed major brands. The £55 million Debenhams acquisition in 2021 followed the share price plunge. Boohoo denies the allegations and contests the inclusion of the Kamani family in the claim.