Vijay Mallya says money he owes Indian banks is public money so he cannot be made bankrupt indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The company highlighted that Debenhams has six million beauty shoppers and 1.4 million Beauty Club members. Boohoo said: “The group intends to rebuild and relaunch the Debenhams platform, helping further the group’s stated ambition to lead the fashion e-commerce market, and grow into new categories including beauty, sport and homeware.” Boohoo shareholders appeared to welcome the deal, with shares up 4% in early trading on Monday. However, Shore Capital retail analyst Greg Lawless warned that an online-only operation could hit Debenhams’ beauty sales. He said: “The big question in beauty is whether the big beauty brands – Clinique and Channel – will remain with Boohoo longer term.
Debenhams officially wound up in court as 118 stores to shut for good walesonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from walesonline.co.uk Daily Mail and Mail on Sunday newspapers.
By Press Association 2021
Debenhams has been wound up by a judge in a specialist court.
Judge Daniel Schaffer made a winding-up order at an online hearing in the Insolvency and Companies Court on Monday.
He described the retailer as a “rudderless ship” drifting in an “ocean of insolvency” which needs to be brought into port.
The judge said the Official Receiver now should assess the position.
He had been asked to consider Debenhams’ position by lawyers representing a shareholder and debtors.
The judge said he was making a winding-up order of his own motion.
“The company is a rudderless ship drifting in an ocean of insolvency, unable to be rescued,” he said.