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UK's Boohoo starts search for new auditor as PwC to quit

Credit: REUTERS/DADO RUVIC

PwC will not compete to be the new auditor of online fashion group Boohoo, confirming media reports of a shift as the company rejigs its corporate governance apparatus following a report into working conditions at its suppliers.

Oct 19 (Reuters) - PwC will not compete to be the new auditor of online fashion group Boohoo BOOH.L, confirming media reports of a shift as the company rejigs its corporate governance apparatus following a report into working conditions at its suppliers.

Boohoo, which sells own-brand clothing, shoes, accessories and beauty products targeted at 16- to 40-year-olds, said PwC is still its auditor at this time and the audit committee has launched a competitive tender process for the company's audit.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Amy Caren Daniel)

((Yadarisa.Shabong@thomsonreuters.com; Twitter: https://twitter.com/Yadarisa; +919742735150;))

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