Pramod Thomas is a senior correspondent with Asian Media Group since 2020, bringing 19 years of journalism experience across business, politics, sports, communities, and international relations. His career spans both traditional and digital media platforms, with eight years specifically focused on digital journalism. This blend of experience positions him well to navigate the evolving media landscape and deliver content across various formats. He has worked with national and international media organisations, giving him a broad perspective on global news trends and reporting standards.
ONLINE retailer Boohoo has said that products for its newly acquired brands would be made in the new factory in Leicester, according to a report.
The manufacturing of Dorothy Perkins, Debenhams and Wallis clothes moved overseas nearly 30 years ago.
Boohoo chief executive John Lyttle, told The Times that it focused on training workers to produce more complicated designs on recycled polyester, rather than just the simple jersey dresses.
Boohoo opened its first factory in Leicester in January, two years after the online retailer was engulfed in a scandal about the poor treatment of workers in factories.
“This site will have its own profit and loss account, it is charged rent, it has to be a commercial operation,” Lyttle was quoted as saying by The Times.
“I can remember as a young buyer you would come to Leicester for socks and knitwear, it was a huge textile industry but when everything shifted overseas it was decimated. This site will show that Leicester does have a great future.”
According to the retailer, they can produce items in just two weeks from design and one week on a repeated order in the UK, whereas it takes six months with overseas suppliers.
A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/File Photo
Lyttle said: “We have bought some great British retail names in the past two years but the fact is they weren’t making in Britain. We are going to be making them in Britain and 40 per cent of those clothes in the UK are sold internationally, so we’ll be exporting again.”
He predicted that more companies shift to the UK and European manufacturing in the near future as container prices are "still very high.”
Boohoo was founded in 2006 by Carol Kane and Mahmud Kamani and floated in 2014 with a £560 million valuation when it was making £110 million in sales.
Since acquiring brands, including PrettyLittleThing, Debenhams, Coast, Oasis, and Warehouse, it made just shy of £2 billion in sales last year.
Kane said that investors had moved on from the company’s Leicester scandal and been reassured by its overhaul of its supply chain and independent review by Sir Brian Leveson.
The company said that using its new strict audit processes, it had culled about 400 factories to around 70. However, it was still producing the same volume of goods from Leicester.
The new factory, which has about 100 employees, currently produces 6,000 garments a week and will reach 20,000 when a second shift is introduced.
As well as sewing and cutting it also has two high-tech printing machines that can produce 40,000 graphic printed T-shirts a week.
Boohoo’s share price has fallen by three-quarters in the past year, valuing the business at £1.12bn, significantly below the level in July 2020.
When reports emerged that some Leicester workers in the company were being paid as little as £3.50 an hour, it lost around £1bn in valuation.
One in five new buy-to-let companies in 2025 owned by non-UK nationals, up from 13% in 2016.
Indian and Nigerian investors lead foreign ownership, targeting regions outside London for higher returns.
Young British landlords (18–24) are expanding portfolios despite older investors exiting the market.
Regional rent growth diverges: London sees declines, while East & West Midlands and North West report strong rises.
Foreign investors leading
Britain’s buy-to-let sector is undergoing a notable transformation as foreign investors and young Britons reshape the landscape. One in five new buy-to-let companies created in 2025 are owned by non-UK nationals, up from just 13 per cent in 2016. This shift shows that foreign investment in British rental property is growing fast and reshaping who controls the market.
A new report on New Investors in Buy-to-Let reveals that this transformation is driven by a combination of younger British landlords and experienced international operators seeking better returns outside London’s saturated market.
The numbers are impressive. About 67,000 new buy-to-let companies will be formed by the end of 2025, with roughly 13,500 owned by non-UK nationals. Indian investors lead the way, creating 684 companies in just the first half of 2025. Nigerian investors follow with 647 companies. Polish and Irish nationals also have significant presence. This change reflects major post-Brexit migration patterns. European Union nationals used to represent 65 per cent of foreign ownership in 2016 but now make up only 49 per cent. south Asian and African investors are now taking the lead.
Young Britons expand portfolios
Several factors explain this shift. First, the British pound has weakened, making property cheaper for foreign buyers. Second, rental returns in Britain remain strong compared to other markets. Indian investors can get rental yields of 4.5 to 5.5 per cent in prime London locations. Third, foreign investors are moving away from expensive London and targeting regions with better returns. The East Midlands, West Midlands, and South West now offer faster rental growth than London.
British landlords themselves show mixed responses to market changes. A 2025 survey by Market Financial Solutions found that 65 per cent of landlords worry that recent budget policies will hurt their investments. Many older landlords have stopped buying new properties. However, younger investors think differently. Only one-third of landlords aged 18-24 have halted their investment plans. In fact, 75 per cent of 18-24-year-olds expanded their portfolios in 2024. Among those aged 55-plus, only 4 per cent plan to grow their property portfolios in 2025.
Young British investors and foreign investors are pursuing similar strategies. Both groups are buying properties in regions with strong growth potential rather than London. Greater London rents actually fell 3.0 per cent in July, marking the seventh straight monthly decline. Meanwhile, the West Midlands saw rents rise 2.7 per cent, and the East Midlands grew 3.4 per cent. This regional split explains why international investors are focusing on cities outside London.
Property shift outside London
Most non-UK nationals structure their investments through British limited companies, a tax-efficient approach. Indian High Net Worth Individuals and family offices increased their investment volumes by more than 17 per cent last year. The Halo development project in South London demonstrates this trend. This luxury apartment complex near the Kia Oval cricket ground is priced from £580,000 to £5 million.
The rental market shows mixed signals. After five years of steady growth, rents on newly let properties fell 0.2 per cent year-on-year in July the first annual decline since 2020. However, regional variations matter significantly. When landlords renew existing tenancies rather than advertising new ones, rents rose 4.5 per cent year-on-year. The North West led with 7.2 per cent increases. Landlords are aligning renewal rates with current market levels to maintain inflation-adjusted returns.
Paresh Raja CEO of Market Financial Solutions noted “The property market isn’t holistic it’s segmented. Some landlords may sell up, but there’s an eager new generation of investors ready to take their place,” The convergence of young British investors and foreign capital is reshaping Britain's property market. As older landlords exit and regulations tighten, a new generation of strategically minded investors both young Britons and international operators is repositioning British property as a key wealth management tool.
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