Summary
The latest claims bring the total number of suing investors to 58, with 20 investors having withdrawn since the legal action launched in 2024. New claimants include international pension funds from South Korea, the Netherlands, Illinois and Mississippi, alongside retail investors.
Investors allege that boohoo co-founder Mahmud Kamani and executives must have known about Leicester factory conditions before the July 2020 BBC investigation. They claim the company failed to disclose material information to shareholders ahead of a subsequent share price crash, though an independent review at the time found boohoo had not deliberately permitted poor conditions.
Boohoo said it "strongly contests the allegations and will vigorously defend any claim". The case represents a significant financial exposure for the fast-fashion etailer following the supply chain scandal that damaged its reputation and stock valuation.
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Common questions
- What is this article about?
- Another 11 institutional investors, including the Bank of Korea and Shell's Dutch pension fund, have joined a High Court action against Manchester-based Debenhams Group (formerly boohoo Group), bringing total compensation claims to £245m. The lawsuit stems from a 2020 BBC Panorama exposé that revealed the use of Leicester sweatshops with unsafe conditions and below-minimum-wage pay in boohoo's sup
- When was this published?
- This article was published on 20 July 2026.
- Who published this article?
- This article was published by Prolific North.