Tag: Debenhams

After Dire Year England’s Shops Hope for End-of-Lockdown Shopping Spree

April 11, 2021
BusinessCCP VirusDebenhamsEconomiesJohn LewisNextPwCreopenUKWorld
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LONDON—After more than three months of enforced closure due to the COVID-19 pandemic, non-essential stores in England reopen their doors on Monday, hoping that the escape from lockdown will fuel a trading boom. Industry lobby group, the British Retail Consortium, estimates UK stores have lost £27 billion ($37 billion) in sales over three lockdowns, while…

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Debenhams Brand Sold for £55 Million, All Stores to Close

January 25, 2021
BusinessCCP VirusCompaniesDebenhamsUKWorld
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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…

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