Manchester-based online fashion giant Boohoo Group plc — which has been under scrutiny for its corporate governance — said on Monday its board has approved the proposed appointment of PKF Littlejohn LLP as the group’s auditor with immediate effect, following the resignation of PwC in October.
Boohoo has faced concerns about working conditions and pay rates in factories that supply the company, and the firm said last month said it appointed retired judge Brian Leveson to independently monitor its attempts to improve its supply chain and business practices.
Boohoo said in September the independent review of its UK supply chain led by Alison Levitt QC “identified many failings in the Leicester supply chain and recommended improvements to Boohoo’s related corporate governance, compliance and monitoring processes.”
Boohoo’s brands also include prettylittlething.com and Nasty Gal as well as Oasis, Warehouse, MissPap, Karen Millen and Coast.
“Boohoo … confirms that, further to the group’s announcement on 19 October 2020 and following a competitive tender process led by the group’s audit committee, the board has approved the proposed appointment of PKF Littlejohn LLP as the group’s auditor with immediate effect,” said Boohoo in a stock exchange statement.
“As required by Article 113B(9) of the Companies (Jersey) Law 1991, PricewaterhouseCoopers (PwC), previous auditor to the group, confirms that there are no matters in connection with this change that should be brought to the attention of the group’s shareholders.
“The board would like to thank PwC for its services and support provided to the group over the past seven years.”