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Old 25-01-2021, 09:44   #712
heero_yuy
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Re: Changes on the High Street

Looks like the deal is now done:

Quote:
Quote from The Sun Money:
Online retailer Boohoo has bought the Debenhams website and brand in a deal that will shut all 118 remaining stores and cut 12,000 jobs.

As part of the £55million deal, the troubled department store will relaunch as an online-only operation from next year.

Debenhams announced its business would be wound down in December 2020, in a move affecting 124 shops and 12,000 jobs.

A few weeks ago, Debenhams then confirmed six stores, including its flagship Oxford Street shop, will permanently close.

The retailer's stores are currently shut due to lockdown rules, but shoppers can still purchase goods on its website.

Once Debenhams stores reopen after lockdown, the retailer will continue to clear stock in its shops while the website will be operated by Boohoo.
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