Jan 25, 2021

Boohoo 'set to buy Debenhams brand and website'

The fast fashion retailer will not be taking on any of the company's remaining 118 High Street stores or its workforce. A closing down sale at 124 Debenhams stores began in December, as administrators continued to seek offers for all, or parts of the business. In the last week or so, the company announced that six shops would not reopen after lockdown, including its flagship department store on London's Oxford Street. The announcement came five days after staff were informed and liquidators moved in to Debenhams' stores to start clearing stock, after a potential rescue deal with JD Sports fell through. One of the biggest issues, it said, was the collapse into administration last week of another High Street giant, Arcadia, which is the biggest concession holder in Debenhams department stores.

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