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Boohoo buys Debenhams but all stores will close. (PA) Online fashion retailer Boohoo has bought the Debenhams brand and website for £55 million in a deal that will see the brand operate as an online-only retailer from next year. Bosses confirmed the deal will not include stores as part of the structured winding down of the business.   Debenhams were hit by a fall in sales amid the coronavirus pandemic and confirmed plans for the winding down of operations in December after rescue talks with JD Sports fell through. But with stores closing across the 242-year-old brand, it is unli...

Boohoo shareholders appeared to welcome the deal, with shares up 4per cent in early trading on Monday. 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...

Asos and Boohoo are among a list of online fashion retailers that have seen revenues leap during the pandemic….

Boutique investment firm Appian Asset Management is being bought by UK based specialist alternative asset manager, Gresham House. The transaction values Appian at an estimated €10m, including performance-based earnouts over the coming three years - with an initial consideration of €4.55m. Gresham House has over £3.3bn (€3.6bn) in assets under management as at June 30 this year, and is quoted on the London Stock Exchange. Appian was established in 2002 by CEO Patrick Lawless. Read More Its key shareholders include Mr Lawless, Greg Lawless and Kevin Menton. The firm has circa €...

Appian Asset Management to be bought by Gresham House Updated / Thursday, 17 Dec 2020 08:23 Appian Asset Management has about €330m under management Fund manager Appian Asset Management is to be acquired by UK-based alternative asset manager Gresham House.   The transaction values Appian at an estimated €10m, including performance-based earnouts over the coming three years. The deal is still subject to approval by the Central Bank. Appian was established in 2002 by CEO Patrick Lawless and its key shareholders include Patrick Lawless, Greg Lawless and Kevin Menton.   The firm has about ...