All Debenhams stores set to close and thousands of jobs to go as retailer Boohoo agrees deal for department store chain

All Debenhams stores are set to close down with up to 12,000 jobs to go as brand is sold to Boohoo.
By James Carney
Published 25th Jan 2021, 12:30 GMT
Updated 28th Jan 2021, 15:00 GMT
Debenhams at Trinity Walk in Wakefield.Debenhams at Trinity Walk in Wakefield.
Debenhams at Trinity Walk in Wakefield.

Fashion retailer Boohoo has bought the Debenhams brand and website for £55m but the high street firm's remainung 118 stores will not be taken on.

The department store was one of the flagship stores at Wakefield Trinity Walk shopping centre.

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The new deal will see Debenhams products sold by Boohoo from early next year, allowing enough time for liquidators to continue closing the retailer's sites once they are allowed to reopen after lockdown restrictions are lifted.

Boohoo said: "The group intends to rebuild and relaunch the Debenhams platform, helping further the group's stated ambition to lead the fashion ecommerce market, and grow into new categories including beauty, sport and homeware."

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 company as a "rudderless ship" drifting in an "ocean of insolvency".

The judge said an official receiver should now assess Debenhams' position.

Related topics:DebenhamsBoohoo