UK department store Debenhams has sold its brands and websites to online fashion retailer boohoo group PLC, Debenhams’ administrators FRP Advisory confirmed on Monday. boohoo has paid a cash consideration of £55 million ($75 million) to acquire the global rights to the Debenhams brand, all its in-house brands, and its websites. The 243-year-old business, which went into liquidation in December 2020 due to the impact of the CCP virus pandemic, will see its remaining 118 stores closed permanently, and up to 12,000 jobs lost once the liquidation sale is finished. The UK’s four nations are currently under another round of stringent lockdowns, under which businesses deemed non-essential are not allowed to open. “Once Debenhams stores are able to reopen and the stock liquidation can continue in stores, the website will be operated by boohoo,” Debenhams’ administrators said in a statement. “The closing down sale will continue in stores for several weeks until the stock …