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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Debenhams Group hikes earnings outlook and decides to keep PrettyLittleThing

UK-based online platform Debenhams has announced it is trading ahead of initial expectations for the financial year ending February 28, 2026. The group now expects full year adjusted EBITDA for total operations to reach 50 million pounds (69 million dollars). Strategic shift for PrettyLittleThing In a significant policy reversal, the board of...

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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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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 relaunches designer collaborations with Ashish

Designers at Debenhams, the collaboration that brings catwalk glamour to the high street without the designer price tag, is back, returning for “a new generation” with London Fashion Week favourite Ashish. In a statement, Debenhams, part of the Debenhams Group, formerly Boohoo Group, said the rebooted ‘Designers at Debenhams’ for 2025 would be “...

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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...