Find in the news:
BY COUNTRY

Online retailer buys legendary department store chain Debenhams



The remaining stores of the British chain will most likely be closed as a result of the deal, and the brand itself will become an online retailer's property.
Debenhams store - Depositphotos

The popular online retailer of fashion and accessories is becoming the first buyer of the Debenhams brand. The parties have not yet officially announced the deal, and they can sign it within the next few days. The estimated purchase price is more than $68 million. 

The Debenhams department store chain, whose history goes back more than 240 years, was one of the big retail names that failed to survive the coronavirus pandemic. The company went into administration mode in April 2020 and announced its department stores' mass closures and cut thousands of jobs. At the time of the closures' announcement, 124 of the chain's department stores remained open.

Since the summer of 2020, the company has been actively seeking buyers for the whole or parts of the business. Also known that talks about buying Debenhams led company Authentic Brands, the owner of department stores Barneys. JD Sports could be another new owner of the chain. Still, after the bankruptcy of Arcadia, the largest tenant of Debenhams, parties topped the negotiations. 

Online clothing retailer Boohoo has become the most likely buyer at this point. The retailer is primarily interested in Debenhams' online assets and the legendary brand itself. It means there's a high probability that the chain permanently shut down all remaining department stores. 

Photo credit: depositphotos.com.

More about shopping malls in the United Kingdom



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us