boohoo

"Selling Karen Millen and Debenhams is the obvious starting point, leaving Boohoo with a sharper focus on a younger target market".

Boohoo said at the time it had experienced significant cost inflation in the previous year and as costs had started to come down, it asked suppliers to reflect this in their pricing.

Boohoo said it was an isolated incident, which was down to a misinterpretation of labelling rules.

Boohoo is planning a major restructure that could see the break-up of the struggling online fashion firm whose brands include Debenhams, Karen Millen and PrettyLittleThing.

While Boohoo benefitted from the surge to online shopping during the pandemic, it has subsequently struggled against the likes of China's Shein and Temu.