What does Boohoo’s acquisition of Debenhams mean for UK retail?

Boohoo Debenhams liquidation administration acquisition

Boohoo Group has bought Debenhams out of liquidation, which means the 242-year-old department store chain will be relaunched on Boohoo’s websites. At a time when online retail is thriving, traditional bricks-and-mortar is taking a hit from the Covid-19 crisis. Retail Gazette asks experts what the deal means for the rest of the UK’s retail sector.

What does Boohoo’s acquisition of Debenhams mean for UK retail?

Feature Resource

Get ahead of your competition: Luxury Sector 2022 Report

The trend is clear: online is set to become the leading channel for luxury purchases by 2025. Online shopping for luxury goods increased in value by 50% and nearly...