Skip to content
Search AI Powered

Latest Stories

Police investigate Boohoo executives’ corporate espionage claims

Control Risks reportedly found unregistered surveillance equipment outside Boohoo’s Manchester headquarters in November.

A view inside the boohoo Collective Launch Party at Hyde Sunset Kitchen + Cocktails on August 29, 2024 in Los Angeles, California. (Photo: Getty Images)
A view inside the boohoo Collective Launch Party at Hyde Sunset Kitchen + Cocktails on August 29, 2024 in Los Angeles, California. (Photo: Getty Images)

POLICE forces in London, Manchester, and Kent are investigating allegations of stalking and corporate espionage targeting Boohoo executives.

The claims emerged following an investigation by Control Risks, a security consultancy hired by the retailer, which uncovered a campaign of “extensive hostile surveillance” allegedly involving multiple operatives, The Times reported.


The Metropolitan Police confirmed it is investigating incidents in Westminster that occurred between 8 July and 15 August, involving reports of a man being followed. Specialist teams within the Met’s stalking and harassment unit are handling the case, the newspaper reported.

Control Risks, known for its work with the UK government, reportedly found unregistered surveillance equipment outside Boohoo’s Manchester headquarters in November.

The device, allegedly used to record employees entering and exiting the building, has been handed over to the police. Boohoo filed a complaint with the Information Commissioner’s Office, which confirmed the equipment was not placed by Manchester City Council.

John Lyttle, Boohoo’s former chief executive, resigned in October after reportedly encountering trespassers at his home. Mahmud Kamani, Boohoo’s co-founder, claimed to have been assaulted by one of the individuals. Several executives reported being followed in public spaces and watched outside their homes.

The identity of the perpetrators or those who may have commissioned the surveillance remains unknown. No arrests have been made.

The allegations surface amid tensions between Boohoo and Frasers Group, which owns a 28 per cent stake in the company. Frasers has called for changes in Boohoo’s leadership, including appointing its founder, Mike Ashley, as chief executive.

Boohoo and Control Risks declined to comment on the ongoing investigation. Frasers CEO Michael Murray also stated: “We can’t comment at this stage.

More For You

uk-rich-getty

Two men speak together as they cross over a footbridge in London's central business district of Canary Wharf. (Photo: Getty Images)

One millionaire leaves UK every 45 minutes, study finds

A RECORD number of millionaires have left the country since Labour took office, with concerns mounting over the party’s tax policies.

A study by New World Wealth and Henley & Partners revealed that Britain lost a net 10,800 millionaires in 2024, marking a 157 per cent rise from the previous year.

Keep ReadingShow less
UK to lead European growth in 2025, predicts IMF

FILE PHOTO: A view of the Bank of England and the financial district, in London, Britain. REUTERS/Mina Kim.

UK to lead European growth in 2025, predicts IMF

BRITAIN is set to have the fastest growth among major European economies this year, according to the International Monetary Fund, a boost to finance minister Rachel Reeves who is under pressure over a slowdown since her party came to power in July.

The IMF has raised its forecast for British growth for 2025 by 0.1 percentage points to 1.6 per cent, making it the third-strongest among the Group of Seven advanced economies after the US and Canada.

Keep ReadingShow less
Reliance Industries

Revenue from operations rose 6.97 per cent year-on-year to £22.99 bn, with growth seen across all divisions. (Photo: Reuters)

REUTERS

Reliance Industries reports 7.38 per cent rise in quarterly profit

RELIANCE INDUSTRIES reported a 7.38 per cent year-on-year increase in profit for the December quarter on Thursday, driven by growth in its consumer-focused divisions.

The company, led by Mukesh Ambani, remains India’s most valuable by market capitalisation.

Keep ReadingShow less
India faces growth challenge
as global uncertainty mounts

Narendra Modi (left) and Nirmala Sitaraman

India faces growth challenge as global uncertainty mounts

AFTER world-beating economic growth last year, India’s policymakers are scrambling to prevent a sharp slowdown as worsening global conditions and declining domestic confidence undo a recent stock market rally.

Last Tuesday (7), Asia’s third-largest economy forecast 6.4 per cent annual growth for the fiscal year ending in March, the slowest in four years and below initial projections, weighed down by weaker investment and manufacturing.

Keep ReadingShow less
UK-GDP
The Canary Wharf business district including global financial institutions seen on June 22, 2023 in London. (Photo: Getty Images)

GDP rises just 0.1 per cent in November following Reeves’ budget

THE ECONOMY grew by 0.1 per cent in November, marking a slight recovery after contractions in September and October, according to data from the Office for National Statistics (ONS).

This modest increase followed chancellor Rachel Reeves’ October budget, which introduced significant tax hikes for businesses. However, the growth was weaker than the 0.2 per cent rise expected by economists.

Keep ReadingShow less