Fast-fashion online retailer Boohoo was founded in 2006 by Mahmud Kamani and Carol Kane selling all own-label clothing, shoes and accessories. The groups also owns BoohooMan, PrettyLittleThing, NastyGal, MissPap, Debenhams, Karen Millen, Coast and Oasis. Retail Week provides news, analysis, features and opinion about Boohoo and the fashion sector.
The retailer is seeking further liquidity as it attempts to reduce its debt-to-profit ratio.
Debenhams Group has teamed up with PayPal to deliver an AI-driven shopping experience within the payment provider’s platform.
Things appear to be looking up for Debenhams Group after a surprise turnaround at the once ill-fated PrettyLittleThing has put the ecommerce player back in business.
Online fashion and beauty player Debenhams Group expects full-year earnings to beat expectations after trading strongly, and will no longer sell its PrettyLittleThing business.
Debenhams Group has proposed a new ‘Group Turnaround Scheme’ remuneration policy for senior executives, as losses at the fashion retailer improved.
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