Skip to content
Search

Latest Stories

Boohoo tightens security for senior executives after reports of surveillance

The fast-fashion retailer conducted checks on executives’ vehicles and offices for potential listening devices and advised its leadership team to remain vigilant.

Boohoo tightens security for senior executives after reports of surveillance
FILE PHOTO: A smartphone with the Boohoo logo displayed is seen on a keyboard in this illustration taken September 30, 2020. REUTERS/Dado Ruvic.

BOOHOO has heightened security for its senior executives following reports of alleged surveillance.

The fast-fashion retailer conducted checks on executives’ vehicles and offices for potential listening devices and advised its leadership team to remain vigilant, The Times reported.


Drones were reportedly observed flying near BoohooMAN’s Manchester office on two separate occasions in November, raising concerns among staff.

Executives, including CEO Dan Finley, former CEO John Lyttle, and co-founder Mahmud Kamani, were allegedly followed over several months.

According to The Times, Lyttle confronted individuals tailing him, who claimed to be “ex-forces.” These incidents are under investigation by police in London, Manchester, and Kent.

The surveillance, allegedly costing tens of thousands of pounds daily, is reported to have influenced Lyttle’s decision to resign in October. Neither Lyttle nor Boohoo has commented on the matter.

The alleged perpetrators and their motives remain unclear, with no arrests made so far.

The allegations arise amid tensions between Boohoo and its largest shareholder, Mike Ashley’s Frasers Group, which holds a 28 per cent stake.

Ashley has criticised Boohoo’s management and is seeking a position on its board. Shareholders will vote on his proposal on 20 December.

Further investigations are ongoing.

More For You

Donald Trump

Trump signed an executive order increasing a previously imposed 10 per cent tariff on Chinese goods to 20 per cent, the White House said on Monday. (Photo: Getty Images)

Global markets slide amid escalating US-China tariffs

MARKETS fell sharply on Tuesday as trade war fears resurfaced after China announced new tariffs on US imports in response to President Donald Trump's latest levies.

China said it would impose tariffs of 10 and 15 per cent on a range of US agricultural imports in retaliation.

Keep ReadingShow less
Mortgage lending rises to highest since September 2022

Lending rose to £4.207 billion in January from £3.343 bn in December. (Representational image: Getty)

Mortgage lending rises to highest since September 2022

NET mortgage lending in Britain increased in January to its highest level since September 2022, while mortgage approvals declined slightly but remained above expectations, according to Bank of England data released on Monday.

Lending rose to £4.207 billion in January from £3.343 bn in December. This was the highest level since September 2022, when financial market turmoil followed the economic plans of then-prime minister Liz Truss. The figure was also higher than the £3.55 bn forecast in a Reuters poll.

Keep ReadingShow less
Paytm

The company clarified that these violations relate to a period before the two firms became its subsidiaries. (Photo: Reuters)

India's Paytm receives notice from financial crime agency over violations

PAYTM-owner One97 Communications has received a show cause notice from India’s financial crime agency for alleged violations of the Foreign Exchange Management Act (FEMA) related to the acquisition of two subsidiaries.

In an exchange filing, Paytm stated that the Enforcement Directorate (ED) issued the notice on February 28, citing contraventions between 2015 and 2019 linked to the acquisition of Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL).

Keep ReadingShow less
Arms dealer Sanjay Bhandari wins UK extradition appeal

FILE PHOTO: Sanjay Bhandari

Arms dealer Sanjay Bhandari wins UK extradition appeal

AN Indian businessman on Friday (28) won his appeal against extradition from Britain, with London's High Court ruling there was a risk of torture or other mistreatment in his homeland.

London-based Sanjay Bhandari, 63 and described by his lawyers as a defence sector consultant, is wanted in India on charges of tax evasion and money laundering.

Keep ReadingShow less
'India needs to grow more to reach high-income status by 2047'

FILE PHOTO: A man walks past the lit up Bombay Stock Exchange (BSE) building during Diwali, the Hindu festival of lights, in Mumbai, India, November 1, 2024. REUTERS/Francis Mascarenhas.

'India needs to grow more to reach high-income status by 2047'

INDIA will need to grow at an average rate of 7.8 per cent to become a high-income country by 2047, according to a World Bank report released on Friday (28).

To achieve this goal, India would require reforms in the financial sector as well as in land and labour markets, the World Bank said in its India Country Memorandum titled Becoming a High-Income Economy in a Generation.

Keep ReadingShow less