Debenhams department stores are set to shut for good, despite being bought by online retailer Boohoo. Boohoo has purchased the Debenhams brand and website for £55million in a deal that will see the Debenhams name survive, but the company's remaining 118 stores close their doors for good.
The 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 Covid-19 lockdown restrictions are lifted.
Read more on dailyrecord.co.uk
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