Debenhams in Gloucester confirmed to close after Boohoo buyout

Gloucester’s Debenhams store will be one of 130 to close permanently this year, after online fashion giant Boohoo Group buys the brand.

Online fashion retailer Boohoo Group has bought Debenhams for £55 million – with plans to go online-only and close all of its high street stores, including Debenhams Gloucester.

The Gloucester store is one of 130 across the UK which are due to reopen as soon as possible after lockdown to sell off current stock before closing permanently, when Boohoo will take over and relaunch the Debenhams brand as an online-only retailer.

Boohoo said that it plans create ‘the UK’s largest marketplace across fashion, beauty, sport and homeware,’ as it also takes on all of Debenhams in-house brands including Faith, Maine, Mantaray and Principles – as well as planning to expand the range of products sold on the Debenhams website.

The acquisition will also see Boohoo Group move into the beauty marketplace for the first time as it will sell make-up, skincare and fragrance under the Debenhams brand.

Receiving around 300 million website visits every year, the Debenhams website is one of the UK’s top 10 retail websites, with Boohoo planning on ‘unlocking Debenham’s online opportunity’ as customers move more towards online shopping and away from high street stores.

Debenhams joint administrator and partner of FRP Advisory, Geoff Rowley, said: ‘We are pleased to have secured the future for this great brand, and to have created the opportunity for a new Debenhams-branded business to emerge in a different shape beyond the pandemic.

‘I expect that the agreement with Boohoo may provide some job opportunities but we regret that this outcome does not safeguard the jobs of Debenhams’ employees beyond the winding down period.’

The future of the Debenhams Gloucester building in Kings Square is uncertain at this stage.

By Chloe Gorman

Follow SoGlos on Facebook and sign-up to the weekly SoGlos lifestyle newsletter for the very latest Gloucestershire news stories.

© SoGlos
Monday 25 January 2021

More news you might like...

There were plenty of noteworthy moves in the Gloucestershire business community this June 2022.

Gloucestershire business appointments round-up: June 2022

From a major succession plan unveiled at a Gloucestershire law firm, a former boss of ASOS joining an online retail specialist...

Ultra Precision Control Systems still has its Gloucestershire base beside Manor by the Lake, the former home of county aerospace legend and owner of the company, Sir George Dowty.

£2 million investment by Ultra PCS lays foundation for 30 Gloucestershire jobs

One of Gloucestershire and the UK’s premier specialist aerospace and defence firms, with a history intertwined with the legendary...

From experience events and private dining to corporate team building and wellbeing activities, explore everything Willow Hill has to offer guests in 2022.

Willow Hill is open for glamping and camping bookings

Enjoy a special family-friendly glamping and camping experience at Willow Hill Farm in the Gloucestershire countryside, open...

Cheltenham tennis player Dan Evans will be back playing at Wimbledon 2022, this summer. © AELTC/Jon Super.

The Cheltenham tennis player you can watch at Wimbledon

Cheltenham’s Dan Evans will be playing at Wimbledon: The Championship in 2022 – and here’s when Gloucestershire tennis fans...

The SoGlos networking event, staged in partnership with Cheltenham accountants Crowe, was held at Ian Coley School of Shooting.

Gloucestershire businesses gather for a networking day with a difference

Business leaders from some of Gloucestershire’s most exciting companies came together to lock horns – in a friendly fashion...

Don’t miss

Unmissable highlights