RE: ETI closed investigation25 Aug 2020 18:21
Yep, the same would go for any fast fashion giant. The message in this though is that as investors there is some relief in knowing that the specific allegations are unlikely to burn boohoo. Yes maybe the industry will need to make changes, but more likely to look Far East if price point is very critical. Any businesses like boo will try to demand the best prices to ensure good profits , but I don’t think they expected the supplier to cut corners like hinted at. In reality I expect it is the factory trying to make more money. Boohoo should look to own it’s own supply chain, that in turn cuts costs and gives full overview of the pipeline.
But for now investors will see this as the green light and start to look at the pending great results due in Sept. which will be massive. Hold and buy here for some free dosh