The firm has come under the scanner for allegedly not employing married women at its factory in Tamil Nadu state.
Risk management in the private equity sector needs improving, particularly as the period of low interest rates leads to higher financing costs in the highly leveraged industry, the Bank of England said on Thursday. The BoE said in its twice-yearly Financial Stability Report that the an investigation of the sector showed it was facing challenges from higher borrowing costs. "Improved transparency over valuation practices and overall levels of leverage would help reduce the vulnerabilities in the sector," the Bank said.
Halfords’ profits have plunged as thousands of people give up on cycling after a boom during Covid.