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Debenhams raises guidance following adjusted EBITDA growth

Manchester-based Debenhams Group, the online platform operated by Boohoo Group plc, has announced it delivered 53 million pounds (70.16 million dollars) in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the financial year ending February 28, 2026. This figure represents a 36 percent increase compared to the...

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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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Boohoo co-founder likely knew of ‘unsafe conditions’ at Leicester factories, lawsuit claims

New claims made against Mahmud Kamani have suggested that the Boohoo co-founder likely knew about the “unsafe and unsanitary conditions” of Leicester factories associated with the fast fashion brand before the issue became public knowledge. The allegations come as part of a 177 million pound lawsuit brought forth by shareholders of the group,...

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Debenhams Group accelerates turnaround with strong H1 2026 performance

Boohoo Group said its turnaround is accelerating, underpinned by strong half-year performance and continued expansion of its marketplace-led strategy, as the company also unveiled a new long-term incentive plan designed to retain and motivate its leadership team. The Group's adjusted EBITDA for H1 2026 rose to 20 million pounds, 5 percent ahead...

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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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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 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...

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Frasers Group considers all cash bid for Revolution Beauty

Frasers Group has made a bid for British cosmetics brand Revolution Beauty. With this, Sports Direct’s parent company has joined “a number of parties conducting due diligence as part of the formal sale process”, the brand announced in a regulatory filing. Frasers confirmed its participation in its own filing, where it stated that it is...

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Debenhams mulls 125 million pound refinancing under new management

Debenhams Group, formerly Boohoo Group, has said it is considering the refinancing of a 125 million pound revolving credit facility as it continues to embark on a transformation under a new management team. A spokesperson for the fashion group told FashionUnited: “Having become Debenhams Group, we are currently at the early stages of evaluating...

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Boohoo to go forward with Debenhams rebrand despite Frasers backlash

Boohoo Group and its majority shareholder, Frasers Group, are clashing once again. Upon Boohoo revealing plans to rebrand the company to Debenhams Group, the fast fashion giant initiated a general meeting calling on shareholders to vote for or against the proposal. It was here that Frasers, the parent company of Sports Direct and the owner of...