Debenhams was known for its high street department stores which sold clothing, beauty products and gifts. The company made the news in April 2020, when it went into administration for the second time. Online clothing retailer Boohoo bought the Debenhams brand and website, but not the stores or staff — it runs completely online, except plans to open one store outside of London in order to secure deals with partners.
If you want to invest in Debenhams, you can buy shares in its parent company, Boohoo.
As well as Debenhams, Boohoo owns:
This means that by investing in Debenhams, through Boohoo, you’d also be investing in all of these companies, as well as any others that Boohoo goes on to acquire. This means that you should keep tabs on what these companies are up to.
Range of markets
|Industry||Internet Retail||Currency symbol||p|
|Type||Common Stock||Country ISO||UK|
|Name||boohoo group plc||ISIN||JE00BG6L7297|
|Currency code||GBX||Sector||Consumer Cyclical|
|Currency name||Pence sterling||Full-time employees||3621|
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Debenhams had stores on the high street for 242 years, starting with a store in London in 1778. The company grew to 178 stores. Boohoo is running Debenhams completely online, except for one store, which it is opening outside of London.
Boohoo went public on the London Stock Exchange in 2014, and has seen growth of more than 250% since then. It has been snapping up companies in recent years, which has helped it to grow. In addition to this, as the nation went into lockdown in 2020, the company saw a 45% raise in its first quarter earnings, as people turned to compfier clothing.
boohoo group plc, through its subsidiaries, operates as an online fashion retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company designs, sources, markets, and sells clothing, shoes, accessories, and beauty products for 16 to 40 year old customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands. The company was formerly known as boohoo.com plc and changed its name to boohoo group plc in July 2018. boohoo group plc was founded in 2006 and is headquartered in Manchester, the United Kingdom.
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