Debenhams and ex-Arcadia brands suffer losses in first year under Boohoo ownership
By Luke Tugby2022-12-14T07:41:00
Debenhams and former Arcadia brands Dorothy Perkins, Burton and Wallis all suffered losses in their first year under Boohoo ownership.
Collapsed department store chain Debenhams – snapped up by Boohoo in a £55m deal last January – booked a pre-tax loss of £11.7m between January 14, 2021 and February 28, 2022. It recorded sales of £56.9m, according to figures first reported by Retail Gazette.