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All Debenhams UK stores to shut after sale of brand to Boohoo

01/25/2021 | 03:05am EST

LONDON (Reuters) - All Debenhams stores in Britain will close permanently as part of the sale of its brand and website to online retailer Boohoo, its administrators said on Monday.

"I expect that the agreement with Boohoo may provide some job opportunities but we regret that this outcome does not safeguard the jobs of Debenhams' employees beyond the winding down period," said Geoff Rowley, Joint Administrator and Partner of FRP Advisory.

(Reporting by James Davey; writing by Kate Holton; editing by Michael Holden)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BOOHOO GROUP PLC -10.62% 108.2 Delayed Quote.-12.18%
FRP ADVISORY GROUP PLC 0.19% 132 Delayed Quote.-1.49%
FRP HOLDINGS, INC. 1.21% 57.87 Delayed Quote.0.12%
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