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Boohoo buys Debenhams for £55million

Boohoo has bought collapsed department store group Debenhams for £55m but will shut all remaining stores
Deal confirms Debenhams brand will disappear from high street after 242 years with up to 12,000 job losses
Boss Mahmud Kamani in battle with Amazon as he wants to dominate homeware and beauty as well as clothes
Battle of the billionaires has broken out over who will buy Topshop brand from ruins of Phil Green s empire
ASOS boss Anders Holch Povlsen in poll position to buy up Arcadia businesses after entering exclusive talks
Both Boohoo and ASOS have seen sales jump up during the pandemic after most of Britain s shops closed ....

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Debenhams confirms plans to shut six stores with the loss of 320 jobs

The six department store closures will result in the loss of around 320 jobs, with stores in London, Portsmouth, Staines, Harrogate, Weymouth and Worcester closing their doors for good. ....

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