Online fashion retailer Boohoo to buy Debenhams brand -FT


Online fashion retailer Boohoo Group Plc is set to acquire collapsed British department store group Debenhams in a cut-price deal that will result in the closure of the group’s remaining department stores, the Financial Times reported on Sunday. Boohoo and Debenhams declined to comment on the FT report. Debenhams was continuing to engage with a number of third parties regarding the sale of all or parts of the business, administrator FRP Advisory said earlier this month.



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