Boohoo snaps up Debenhams for £55m; Asos in exclusive talks to buy Topshop – business live

📆 1/25/2021 4:52 AM
📰 The Guardian

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Rolling coverage of the latest economic and financial news as online retailers swoop in on two of Britain’s major high street brands

Investors are jumpin gon Boohoo shares following the Debenhams announcement, pushing its stock price up 3.7%tot 348.7p per share.\nAsos is also on the rise, up 0.88% at 4,891p per share, after revealing its own talks with Arcadia Group administrators.

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Much has been written about the digitalrevolution and the demise of the retail HighStreet but who is counting the environmental cost? Are there silverlinings, how might the space be repurposed and what might anchor communities in future?

The Death of our toen centres

This is an interesting development as it has also acquired other brands like Karen Millen.

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Dirt cheap

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Boohoo buys Debenhams for £55m and to relaunch as online-only businessHigh street retailer has more than 100 stores across UK Disgusting company who severely underpays garment workers and promotes catastrophic fast fashion doesn’t reopen shops and create more jobs, just generates extra profits*
Source: The Independent - 🏆 80. / 59 Read more »