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Boohoo ‘set to buy Debenhams brand and website’ – BBC News

The fast fashion retailer is not purchasing the stores or taking on its staff, the BBC understands.

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Boohoo is set to buy the Debenhams brand and website, the BBC understands.
However, the fast fashion retailer will not be taking on any of the company’s remaining 118 High Street stores or its workforce.
The announcement could come as early as Monday morning.
The 242-year-old chain is already in the process of closing down, after administrators failed to secure a rescue deal for the business, with the likely loss of 12,000 jobs.
A closing down sale at 124 Debenhams stores began in December, as…

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