Boohoo buys out Debenhams for £55m

Boohoo, a Manchester-based online fashion giant quite popular in the UK, has acquired London-based retailer Debenhams’ brand and other business assets including, all the in-house brands and websites in recent development. The company has paid a cash consideration of £55 million to acquire the global rights to Debenhams brands and its websites. 

However, this is not the first time Boohoo bought a company that’s out of administration. Back in 2019, Boohoo bought online businesses of Karen Millen and Coast for £18.2 million. 

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