Boohoo Plunges After Suspending Business With Suppliers

Boohoo Group Plc said it suspended business with some suppliers following reports that clothing sold by the online retailer may be made in factories paying less than minimum wage.

Shares of the clothier fell as much as 17% in afternoon trading in London after the Guardian cited auditors’ findings that more than a dozen U.K. suppliers may be paying substandard wages. The newspaper said at least 18 businesses, eight of which denied some or all of the claims, couldn’t prove they were compliant.