Boohoo buys Debenhams for £55million
Boohoo has bought collapsed department store group Debenhams for £55m but will shut all remaining stores Deal confirms Debenhams brand will disappear from high street after 242 years with up to 12,000 job losses Boss Mahmud Kamani in battle with Amazon as he wants to dominate homeware and beauty as well as clothes Battle of the billionaires has broken out over who will buy Topshop brand from ruins of Phil Green's empire ASOS boss Anders Holch Povlsen in poll position to buy up Arcadia businesses after entering 'exclusive talks' Both Boohoo and ASOS have seen sales jump up during the pand...
Source: dailymail.co.uk