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Home > Business > Britain’s Boohoo buys Debenhams brand for 55 million sterling

Business

Britain’s Boohoo buys Debenhams brand for 55 million sterling

Published by linker 5

Posted on January 25, 2021

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LONDON (Reuters) – British online fashion retailer Boohoo said on Monday it had purchased the brand of collapsed department store group Debenhams for 55 million pounds ($75.4 million).

Debenhams’ administrators said last month it was starting a liquidation process, putting 12,000 jobs at risk.

(Reporting by James Davey; Editing by Kate Holton)

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