Historic retailer could agree deal with internet firm this week, but high street stores are likely to close

Internet fashion retailer Boohoo has reportedly agreed to buy the online business of Debenhams, in a move which will see the department store chain close its remaining high street shops, according to sources close to the deal.

The transaction may be announced this week, according to the Financial Times. The newspaper said it understands the purchase price is likely to be around £50m.

Continue reading…

You May Also Like

Boris issues supermarket warning that Covid can be passed on by touching infected goods

BORIS Johnson has urged shoppers not to touch items in supermarkets unless…

From the pasty tax to ID cards and the poll tax: what Cameron, Blair and Thatcher could teach Liz Truss about U-turns

The PM has performed a series of screeching U-turns since entering Number…

Parents pressured by their kids to invest their money ethically

As negotiations came to a close at COP26 last week, young activists…

B&M launches garden furniture sale with massive discounts on hot tubs, hanging egg chairs and gorgeous rattan furniture

SUMMER is here which means spending time in your garden with a…