Boohoo CEO Departure, Brand Review

This is a news story, published by Yahoo Finance (Canada), that relates primarily to John Lyttle news.

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Chinese online fast fashion retailer Shein

Guardian

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Boohoo boss to step down as retailer launches brand review that could spark breakup

Summary

Nutrition label

78% Informative

Shares in Boohoo fell 7% on Friday as investors reacted to news of the surprise departure of John Lyttle .

Company has cut jobs amid widening losses and falling sales in the face of competition from rivals such as the Chinese online fast fashion retailer Shein .

Company also said it had agreed new 222 m debt facility with its bankers.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech