Boohoo’s auditor PwC is stepping down amid concerns over the online retailer’s corporate governance.
According to the Financial Times, PwC has resigned from the role it has held since 2014, dealing a fresh blow to the business as it seeks to bounce back from a damaging modern slavery scandal.
In a statement to the London Stock Exchange this morning, Boohoo said PwC was “still the group’s auditor at this time” but admitted that a tender process was under way to find a new auditor.
Boohoo confirmed that PwC “is not participating in this process”.
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