Member Info for Peoplepower1

Garydav2 - one improvement notice to one factory in Leicester from the Health and Safety Executive (HSE). One.

https://www.fool.co.uk/investing/2020/07/07/boohoo-share-price-crash-is-this-now-a-must-buy/

Click on this link, read and learn. This is one rogue subcontracted supplier. For me, this was a concerted effort by the likes of Shadowfall who have a big short on Boohoo to drive the share price down.

It is criminal fraud to purposely drive a share price down and the NCA need to be investigating Shadowfall and anyone who helped them in this.

MJChase - Click on this link , read and learn

https://www.fool.co.uk/investing/2020/07/07/boohoo-share-price-crash-is-this-now-a-must-buy/

MJChase - Boohoo are investigating now. The Police and HSE have already been out at factories in Leicester and found nothing illegal at all.

Rioforever - this was not a Boohoo supplier. This was one of Boohoo's suppliers who subcontracted Boohoo work to a rogue supplier. There are suppliers contracted to do Boohoo work who, in turn, subcontract that work to others. When they subcontract work they must inform Boohoo of the name and details of the subcontractor. The supplier didn't do this and was in breach of the contract for not doing this . Suppliers who subcontract their Boohoo work to others must make sure the minimum wage is paid and employees are safe. This was one supplier who failed Boohoo. Boohoo's mistake was to contract one supplier who subcontracted work to a rogue supplier.

Next and ASOS contract their work to China, India, Bangladesh, Turkey to make more profit. They don't oversee these factories.

Boohoo have a 20 strong team based permanently in Leicester overseeing factories there. Unfortunately, one Boohoo supplier didn't inform Boohoo about subcontracting Boohoo work to a rogue supplier.

https://www.boohooplc.com/sites/boohoo-corp/files/all-documents/boohoo-code-of-conduct-1.pdf

The supplier code of conduct is visible on their website MJChase. Click on the link above, read and learn the truth about Boohoo.

Next, ASOS and Zalando who contract their work to China, India, Bangladesh, Turkey so they can make more profit. Do you think they oversee these factories?

They're jumping on the bandwagon to make money for themselves.

Boohoo contract 40% of their work in the UK and should be congratulated for this and not demonised for one rogue subcontracted supplier. The majority of those who manufacture clothes for Boohoo in the UK are good, honest people. This was one rogue subcontracted supplier.

MJChase - Please read my post below. You have no idea how contracts and subcontracts work. You need to do some proper research and stop guessing.

MJChase - you need to do some proper research on Boohoo.

Boohoo contract their work to suppliers who must pay the minimum wage and take care of their employees safety. This is part of the contract and the strict code of conduct in the contract.

Suppliers can subcontract their Boohoo work out to subcontractors however they must legally give Boohoo the names and details of all subcontractors. They must ensure that all subcontractors pay the minimum wage, keep their employees safe and adhere to Boohoo's strict code of conduct.

This was one supplier who subcontracted their Boohoo work to one rogue supplier factory. Boohoo was not provided with the details of this one rogue subcontracted supplier factory. The supplier who subcontracted the work has behaved illegally. Boohoo will have terminated this one supplier's contract and will no doubt have learnt lessons form this that they will be sure to put into practice for the future.

Next and ASOS contract their work to suppliers outside the UK. Do you think they police their factories or who they subcontract the work to?

I remember being told many years ago that all exposure is good even if it's bad exposure because it gets you noticed.

Everyone will know about Boohoo now and will be going to their website to check them out. They may even make more money out of this exposure.

This demonisation of Boohoo makes me wonder if Shadowfall, Simon Cawkwell aka evil knievil, are in cahoots with the likes of Labour Behind the Label, Daily Mail and Sunday Times to demonise Boohoo to get the share price down.

Shadowfall have a big short on Boohoo, brought out their sensationalist and scaremongering report not so long ago, making all sorts of accusations about Boohoo which proved untrue. Then Simon Cawkwell aka evil knievil jumped on the bandwagon saying he'd taken a short out on boohoo. Then the Labour behind the label report which was more pure sensationalism came out last week. Daily Mail jumped onto this. Then the Sunday Times has found one rogue subcontracted supplier. One rogue subcontracted supplier. Something smells very dirty about all this to me and needs to be investigated for any criminal fraud by Shadowfall and Simon Cawkwell aka evil knievil in case they're in cahoots with the media to purposely find something against Boohoo to get the share price down. Something's not right here.

Next and ASOS jump on the bandwagon to make money out of Boohoo when their suppliers are from China, India, Bangladesh, Turkey and you can be sure they don't oversee these factories on a daily basis.

Boohoo have a team of 20 permanently based in Leicester policing factories. Boohoo made one mistake using a supplier who subcontracted to one rogue supplier factory. Boohoo contract 40% of their work in the UK. Next and ASOS don't do that because they make more profit contracting their work outside the UK. Boohoo should be congratulated for contracting 40% of their work in the UK and not demonised for one rogue subcontracted supplier factory.

Pokerchips - because Boohoo made one mistake, contracted to one supplier who subcontracted to a dodgy supplier. The majority of Boohoo suppliers in the UK are good, honest manufacturers.

Boohoo contract 40% of their work to UK manufacturers. There was one rogue subcontracted supplier.

Next and ASOS don't contract anything like 40% of their work to UK manufacturers. They contract outside the UK to make more profit for themselves. Contracting work outside the UK is cheaper and more profitable than contracting work in the UK hence why Next and ASOS use suppliers from outside the UK.

Boohoo should be congratulated for contracting 40% of their work in the UK and not demonised for one rogue subscontracted supplier.

Well said Cereus and thank you for saying it.

The majority of Next suppliers are from China, Bangladesh and Cambodia. Do you think they oversee them every day?

The majority of ASOS suppliers are from China, India and Turkey. Do you think they oversee these manufacturers every day?

Pokerchips - and you're saying Next and ASOS oversee their suppliers every day when their suppliers are not even in the UK.

Next and ASOS are doing their best to look like they're taking the moral high ground. When it's all PR by them to make money out of this. That shows their true colours.

I woud think Boohoo are investigating this thoroughly before releasing a RNS.

Next and ASOS have suspended selling Boohoo items until the investigation has been completed.

Next and ASOS are climbing on the bandwagon to make money out of Boohoo for themselves. What does that say about them?

Next and ASOS are using this to say we're the good guys and Boohoo is the bad guy. Next and ASOS are being greedy by trying to make money out of this for themselves. They have all been jealous of Boohoo's success particularly during the coronavirus.

Where do you think Next and ASOS get their clothes made. Not in the UK. They get them made in places like India where there is child labour, child trafficking.

So, be realistic. Boohoo have made one mistake contracting a supplier who subcontracted to an extremely dodgy company. Those that are jumping on this bandwagon have no morals nor ethics themselves. They are pretending to be ethical by putting the knife into Boohoo.

Let's remember, Boohoo have 40% of their clothes made in the UK. The majority of these are good, honest manufacturers who look after their employees. Do you want them to lose their jobs?

What about Boohoo employees? Do you want them to lose their jobs?

Cheapshareboy - you're displaying your own greed now.

No business is 100% perfect. Look at the banks who gave people mortgages without fully checking them, then sold them onto other institutions who went bankrupt. Look at the 2008 crash where USA banks, sold faulty investments by wrapping them together with one good investment and sold them on to banks and institutions including in the UK and they went bankrupt or lost millions. Recently banks have been found guilty of manipulating LIBOR, this is the interest rate banks lend to each other.

Next and ASOS won't be 100% perfect. They get clothes made abroad so please don't tell me they check those factories every day to see what the workers are being paid, child labour, human trafficking. Factory owners in places like India buy rural children from their parents who can't afford to keep them.

Boohoo have 40% of their manufacturing in the UK. The majority of those manufacturers are good, honest people. One bad apple has been found. That's the nature of greed. There are always human beings who will be too greedy. Look on this board to see examples of greed.