Debenhams news and archive

Debenhams secures 40 million pounds in oversubscribed fundraise

Online retailer Boohoo, now trading as Debenhams, has successfully completed an upsized and significantly oversubscribed fundraise, generating gross proceeds of approximately 40 million pounds (54.04 million dollars). The capital raise, upscaled from an original target of 35 million pounds due to strong investor demand, consisted of a placing...

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Debenhams confirms plans for 35 million pound fundraise

Debenhams Group has confirmed that it is preparing for an equity fundraise amounting to around 35 million pounds as it seeks to build up additional liquidity and the “optimal capital structure”. Chief executive Dan Finley, co-founder Mahmud Kamani, and non-executive director Iain McDonald are set to take part in the fundraise, participating at...

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Debenhams partners with PayPal on AI shopping assistance

Debenhams Group is accelerating its adoption of artificial intelligence (AI) through a new partnership with PayPal. The payment provider will be working with Debenhams on implementing an AI-powered shopping assistant that will allow customers to receive personalised recommendations and check out all through PayPal’s app. Through the partnership,...

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Nasty Gal to launch via Amazon as Debenhams doubles down on US expansion

Debenhams Group is accelerating its expansion in the US through the launch of Nasty Gal on the Amazon Fashion platform. With the collaboration, the US label will offer 172 items to local Amazon customers, with new stock to launch monthly. The launch intends to provide US customers with more direct access to Nasty Gal goods, further emphasised by...

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Debenhams Group shuffles boardroom

Fast fashion conglomerate Debenhams Group – formerly Boohoo Group – has named Tom Handley as a new member of the board. Handley, who becomes an independent non-executive director for the group, will take up his position immediately. He will also sit on the Audit and Risk, Remuneration and Nomination Committees. Handley’s appointment comes as...

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Debenhams places 1,200 jobs at risk in proposed closure of Burnley warehouse

Debenhams Group – formerly Boohoo Group – is potentially putting 1,200 jobs at risk as it proposes plans to close its distribution site in Burnley, Lancashire, move forward. The fast fashion group said it intends to “gradually transfer” its online distributions centre operations to Sheffield, according to Business Live. This would follow the...

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Debenhams trims losses as transformation gathers pace; PLT sale on the table

Amid an ongoing, company-wide transformation plan, much of which relies on transitioning to a marketplace model, Debenhams Group – formerly Boohoo Group – has seen a marginal improvement in performance for the full-year to February 28, 2025, despite overall sales softening. The company reported an adjusted EBITDA of 41.6 million pounds, with an...

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Debenhams secures 175 million pounds funding facility

The Debenhams Group has successfully completed a new three-year facility that provides access to funding of up to 175 million pounds. This new facility, which extends the maturity to August 2028, replaces the Group's previous 125 million pounds revolving credit facility that was set to mature in October 2026. The new funding was secured more...

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Tensions heighten: Frasers demands investigation into Boohoo’s Kamani amid loan scandal

Frasers Group has demanded an investigation and suspension of Mahmud Kamani, the executive vice chair of Debenhams Group, after he was accused of making loans to suppliers. The retail group, owned by Mike Ashley, issued an open letter to Debenhams following the publication of an article by the Telegraph last week that suggested Kamani, founder...

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Debenhams Group taps Pinterest for brand awareness campaign

Debenhams Group – formerly Boohoo Group – has turned to image-centric social media platform Pinterest for a new marketing strategy aimed at building brand awareness and boosting customer growth. In what is said to be the first Pinterest campaign launched by a “group brand” in the UK, Debenhams will work with the platform on repositioning the...

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Debenhams Group addresses speculation over debt facility

Debenhams Group – formerly Boohoo Group – has addressed speculation regarding a possible new debt facility, clarifying the nature of its financial plans. In a regulatory filing, the retailer confirmed that it has in place an existing 125 million pound revolving credit facility which does not expire until October 2026. Debenhams further stated...

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The business behind BoohooMan’s Brand Locker marketplace

BoohooMan has entered the marketplace arena with the launch of Brand Locker, a new online platform featuring products from over 560 third-party brands across categories such as menswear, activewear, accessories, and resale luxury. The move reflects a wider transition toward a platform-driven retail model, while corresponding to broader trends in...