Online fashion giant, Boohoo, has acquired the brand and website of Debenhams in a £55 million deal, which does not include any of the historic department store’s 118 high street stores or its 12,000 strong work force. The executive chairman of Boohoo, Mahmud Kamani, said: “This is a transformational deal for the group, which allows
Boohoo buys Debenhams brand and website for £55m. Read More »
Administrator, Deloitte and announced that 31 of the collapsed Arcadia group stores are set to close forever by the end of January, with 714 lost as a result. The latest news follows the November 2020 collapse of the entire Arcadia business, which runs 444 stores around the UK and employs some 13,000 staff. The Times
31 Arcadia shops set for permanent closure Read More »
Marks & Spencer has bought Jaeger in a deal thought to be worth around £5 million after the British fashion brand fell into administration in November 2020. It is understood that the deal covers Jaeger’s intellectual property only, allowing M&S to sell Jaeger-branded goods on its own website as a third party brand. This means
Marks & Spencer purchases Jaegar for £5 million Read More »
Founded on Bond Street, London, in 1778, the historic department store, Debenhams, faces imminent closure after its last remaining bidder, JD Sports backed out of the deal.
Debenhams to close after 242 years on the high street Read More »
Sir Philip Green’s Arcadia retail empire finally crashed into administration this evening, Monday November 30, putting 13,000 jobs and thousands of pensions at risk.
Arcadia collapses into administration Read More »
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