// PwC exits Boohoo as auditor after six years
// Fast fashion retailer says it is now on the hunt for a replacement
PwC has resigned from its role as auditor for fast fashion retailer Boohoo over concerns about the risk of continuing to work for the group, according to the Financial Times.
Boohoo has hit the headlines recently over investigations into a multi-million pound money laundering network in Leicester and reports of underpayment of its staff across its supply chain and staff operating without social distancing measures in place during coronavirus.
PwC has been Boohoo’s auditor since the Manchester-headquartered company went public in 2014.
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Two people cited by the Financial Times said PwC had signalled its intention to resign within the last month.
Boohoo said that “a process has recently commenced to tender for a new provider of audit services”.
The news comes just days after Deloitte resigned as auditor at EG Group, the petrol station empire built up by brothers Mohsin and Zuber Issa.
The Issa brothers, along with private equity group TDR, had just been confirmed as buyers of a majority stake in Asda.