DEBENHAMS - which has a department store in Weymouth town centre - has been rescued in a buyout deal today - but branches will still close. Online fashion retailer Boohoo has bought the Debenhams brand and website for £55 million in a deal that will see the eponymous department store name survive, but the company’s remaining 118 stores close for good.
Debenhams in Weymouth Picture: Michael Taylor The deal will see Debenhams products sold by Boohoo from later this year, allowing enough time for liquidators to continue closing the retailer’s sites once they are allowed to reopen after Covid-19 lockdown restrictions are lifted.
COLCHESTER S Debenhams store will close permanently in what has been described as a huge blow for the town. Online fashion retailer Boohoo has bought the Debenhams brand for £55 million, however, it it not set to take on its stores or workforce. This means the historic brand s remaining 118 stores will close for good as part of a structured winding down of the business. Across the UK as many as 12,000 staff are set to lose their jobs due to the move. Colchester s Debenhams store, in Culver Street West in Culver Square Shopping Centre, is one of the largest stores in the town centre.