Boohoo stock price extends losses, now down 50% in July

By: Invezz
Investors eye Boohoo interims next week

Shares of Boohoo Group PLC (LON: BOO) have plunged nearly 25% today to extend monthly losses to 50%. The fashion brand is facing accusations of paying its factory workers illegally low wages. Fundamental analysis: Boohoo to launch an investigation into the state of working conditions Retailers Next, Zalando and Assos decided to ditch Boohoo clothes from their stores after reports emerged that the Manchester-based firm paid workers below the minimum wage. Moreover, the retailer has been accused of failing to protect its workers from the pandemic.  Boohoo, which owns brands such as Pretty Little Thing and Nasty Gal, faced harsh

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