Chain’s remaining shops will be wound down when they can reopen after Covid-19 lockdown
The online retailer Boohoo has acquired Debenhams in a £55m deal that will result in the department store disappearing from the high street with the likely loss of up to 12,000 jobs.
Boohoo, which is also buying the brands Maine, Mantaray, Principles and Faith, said Debenhams’ remaining stores will be wound down after the high street lockdown ends and they can reopen to sell off stock.
