Boohoo buys Debenhams but all stores will close
Bosses confirmed the deal will not include stores and Debenhams will operate as an online-only retailer from next year.
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Bosses confirmed the deal will not include stores and Debenhams will operate as an online-only retailer from next year.
However, Shore Capital retail analyst Greg Lawless warned that an online-only operation could hit Debenhams’ beauty sales. He said: “The big question in beauty is whether the big beauty brands – Clinique and Channel – will remain with Boohoo longer term. “The Debenhams number one position in premium beauty was predicated on counter sales, which will not form part of this acquisition.” In hints that it intends to take on the might of Amazon, Boohoo said it would create the UK’s largest marketplace across fashion, beauty, sport and homeware – expanding the range of produ...
Bosses confirmed the deal will not include stores and Debenhams will operate as an online-only retailer from next year.
Bosses confirmed the deal will not include stores and Debenhams will operate as an online-only retailer from next year.
Bosses confirmed the deal will not include stores and Debenhams will operate as an online-only retailer from next year.