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Boohoo acquires Debenhams brand and website for 55 million pounds

Online fashion retailer Boohoo has acquired Debenhams Retail Limited from its joint administrators for 55 million pounds in cash. The company said in a statement that it intends to rebuild and relaunch the Debenhams platform, helping further the group’s stated ambition to lead the fashion ecommerce market, and grow into new categories including...

Jan. 25, 2021