It’s been a grim week for Boohoo founder Mahmud Kamani. Chinese fast fashion business Shein has overtaken Boohoo in sales of its cheap clothes reporting revenue of £1.55 billion over the past year.
Ahmedabad-based Adani Wilmar recently took a decision to extend its franchise into the branded pulses category, while Mumbai headquartered Ruchi Soya Industries will stretch its Nutrela brand into ...
Umar Kamani, who quit as chief executive in April 2023, said the Boohoo-owned fast fashion retailer has ‘at times lost touch with what made it so special’. ‘This has driven me to step back ...