LONDON—After more than three months of enforced closure due to the COVID-19 pandemic, non-essential stores in England reopen their doors on Monday, hoping that the escape from lockdown will fuel a trading boom. Industry lobby group, the British Retail Consortium, estimates UK stores have lost £27 billion ($37 billion) in sales over three lockdowns, while…
After Dire Year England’s Shops Hope for End-of-Lockdown Shopping Spree
Debenhams Brand Sold for £55 Million, All Stores to Close
UK department store Debenhams has sold its brands and websites to online fashion retailer boohoo group PLC, Debenhams’ administrators FRP Advisory confirmed on Monday. boohoo has paid a cash consideration of £55 million ($75 million) to acquire the global rights to the Debenhams brand, all its in-house brands, and its websites. The 243-year-old business, which went into…
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