boohoo group plc Publication of International Factory List (9839M)
September 27 2021 - 2:00AM
UK Regulatory
TIDMBOO
RNS Number : 9839M
boohoo group plc
27 September 2021
FOR IMMEDIATE RELEASE 27 September 2021
boohoo group plc
("boohoo" or "the Group")
Publication of International Factory List
boohoo is pleased to announce today the publication of its
international factory list, meeting its transparency pledge to
publish it within twelve months of the Independent Review produced
by Alison Levitt QC (the "Independent Review"). The international
factory list details around 1,100 factories following an extensive
period of mapping and auditing which initially began in 2020.
The 17 recommendations from the Independent Review were broken
down into 34 deliverables as part of the Agenda for Change. To date
the programme has completed 28 of these items, which are governed
by a KPMG review cycle. The remainder are expected to be completed
in the coming months.
Sir Brian Leveson PC, who is providing independent oversight of
the Agenda for Change programme, has submitted his fourth report to
the Board and, in line with the Group's ongoing commitment to
transparency, this has today been published on the Group's website.
Sir Brian acknowledges the progress that has been made in relation
to both the Independent Review and also the wider ethical programme
upon which the Group has embarked, embedding the Agenda for Change
into business as usual. Sir Brian states: "I continue to applaud
the enthusiasm that all at boohoo have demonstrated for the Agenda
for Change Programme and chart the very real progress that has been
made in relation both to the recommendations set out in the Review
and also the wider ethical programme upon which the Group has
embarked. It marks the movement of A4C into business as usual which
is not, of course, the beginning of the end of the process, but
merely the end of the beginning."
The Group has also announced that it intends to sign the
International Accord for Health and Safety. The legally binding
agreement is a replacement for the Bangladesh Accord which has
delivered significant improvements to working conditions for
garment workers in the country.
John Lyttle, Group CEO, commented:
"The Agenda for Change programme was designed to ensure that the
changes we made to our business are sustainable and embedded into
our culture as we look to the future. The dedication of our teams
to delivering real change has meant we have been able to achieve
the challenging targets we set ourselves and I'd like to thank
everyone who has been involved in this, both inside boohoo group
and all of the external partners we have worked with, for their
commitment."
Enquiries
boohoo group plc
Neil Catto, Chief Financial Officer Tel: +44 (0)161 233
2050
Alistair Davies, Investor Relations Tel: +44 (0)161 233
2050
Clara Melia, Investor Relations Tel: +44 (0)20 3289
5520
Mark Mochalski, Investor Relations Tel: +44 (0)20 3239
6289
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles / Andrew Jones Tel: +44 (0)161 831
1512
Benjamin Robertson Tel: +44 (0)20 3829
5000
Jefferies - Joint broker
Philip Noblet / Max Jones Tel: +44 (0)20 7029
8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth / Kim Looringh-van Beeck Tel: +44 (0)20 7466
/ Toto Berger / Sophie Wills 5000
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and
innovative global brand targeting young, value-orientated
customers, pushing boundaries to bring its customers up-to-date and
inspirational fashion, 24/7.
In 2017, the group extended its customer offering through the
acquisitions of the vibrant fashion brand PrettyLittleThing and
free-thinking brand Nasty Gal. In March 2019, the group acquired
the MissPap brand, in August 2019 the Karen Millen and Coast brands
and in June 2020 the Warehouse and Oasis brands, all complementary
to the group's scalable, multi-brand platform. In January 2021, the
group acquired the intellectual property assets of Debenhams, with
the goal of transforming a leading UK fashion and beauty retailer
into a digital department store and marketplace through a new
capital-light and low-risk operating model. In February 2021, the
group acquired the intellectual property assets of UK brands
Dorothy Perkins, Wallis and Burton. As at 28 February 2021, the
boohoo group had 18 million active customers across all its brands
around the world.
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