Debenhams deal will thrust Boohoo to the top table of retailers, claims online fashion retailer’s billionaire co-founder By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 January 2021 | Updated: 21:51 GMT, 25 January 2021 Boohoo bosses have hailed its ‘transformational’ £55million deal to buy Debenhams as a stepping stone to it becoming … Read more
The playboy son of Boohoo’s billionaire boss hailed his father’s £55million takeover of Debenhams by revealing the family used to shop there every Saturday ‘looking for cheap TVs’. Boohoo owner Mahmud Kamani today bought the Debenhams brand with plans to make it an online-only operation – putting up to 12,000 jobs at risk as he … Read more
Online fashion retailer Boohoo has confirmed it has bought the Debenhams brand for £55 million and will relaunch the department store as an online-only operation from next year. Bosses said the deal will not include saving Debenhams’ stores which will close for good as part of a structured winding down of the business – spelling … Read more
Online fashion brand Boohoo is set to buy collapsed department store group Debenhams in a cut-price £50million deal, insiders claim. The deal would result in the closure of all of Debenhams’ remaining department stores and is expected to be announced in the next few days – but the retailers are yet to confirm reports. Debenhams started a … Read more
Boohoo, to its credit, has been trying to clean up its supply chain and governance in response to the blistering report from Alison Levitt QC. So it is acutely disappointing that on the same day as its new high-powered monitor, Brian Leveson, was delivering his debut ethics report last week, Boohoo bosses were in Dubai … Read more
Boohoo rocked by Covid backlash: Online giant under fire AGAIN as it hosts Dubai business conference at height of pandemic By Matt Oliver For The Daily Mail Published: 21:52 GMT, 18 January 2021 | Updated: 21:52 GMT, 18 January 2021 Boohoo is facing a backlash for hosting an international suppliers conference at the height of … Read more
Lockdowns to wipe £1bn off Primark sales… but Boohoo booms as internet shoppers stock up on casualwear Boohoo enjoyed a bumper Christmas but Primark suffered as stores closed Primark’s refusal down the years to move online looks like a grave error Boohoo generated £661 million in sales in the four months to December 31 By … Read more
Boohoo sweatshop shame: Fashion chain sells clothes made by Pakistani workers earning just 29p an hour, investigators claim Workers in the factory in Faisalabad claim they are earning £47 a month Pakistan’s minimum wage for 17,500 rupees to the 10,000 paid in the factory There are also allegations that workers in Leicester are paid £3.50 … Read more
Critics slam ‘shocked and appalled’ boohoo billionaire as he pleads ignorance to sweatshop factory conditions By Matt Oliver For The Daily Mail Published: 21:56 GMT, 16 December 2020 | Updated: 21:56 GMT, 16 December 2020 The billionaire founder of Boohoo faced a backlash after he claimed to be ‘shocked and appalled’ by the sweatshop conditions … Read more
When Mahmud Kamani faces adversity, he drives to a run-down suburb of Manchester, peers up at the one-bedroom flat that he once called home and reflects on his rags-to-riches journey from market trader to billionaire boss of the Boohoo fashion empire. In recent months, the 56-year-old has had good cause to make such a journey. … Read more