UK fast fashion giant Boohoo is becoming a transatlantic force: Total sales topped $1 billion in the first half of 2020, and US sales doubled
Boohoo reported a 51% jump in profit before tax, to £68.1 million . The company has a "highly positive outlook" for the future of both Boohoo and the wider online fashion industry, it said.
Boohoo said the review "has identified significant and clearly unacceptable issues in our supply chain, and the steps we had taken to address them, but it is clear that we need to go further and faster to improve our governance, oversight and compliance."
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