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The Latest Breaking News from Boohoo

Debenhams shrinks losses as turnaround ‘continues at pace’

The company reported a £108.3 million pre-tax loss for the year to February 28, reducing from £326.4 million a year earlier.

Evening Standard

Turnaround plan drives Debenhams back to growth

Shares in the company, which also owns Boohoo and Pretty Little Thing, shot around 25% higher in early trading.

Evening Standard

Debenhams Group reveals ‘significant progress’ in its turnaround plan

The firm behind Boohoo and Debenhams now expects 2025-26 underlying earnings to rise by 36 per cent

The Independent UK

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Debenhams Group hikes outlook after better-than-expected profits

The firm behind Boohoo and Debenhams now expects 2025-26 underlying earnings to rise by 36% and for further double-digit growth in the year ahead.

Evening Standard

FTSE 100 hits record high as rate cut hopes rise

The index closed up 82.48 points, 0.8%, at 10,556.17.

Evening Standard

Boohoo and Debenhams owner raises £35m, risking Mike Ashley clash

Company, which also owns Oasis, Warehouse and Karen Millen, to use cash to cut debts and fund turnaround

The Guardian - UK

Debenhams plans to raise £35m to drive turnaround and cut debt

Debenhams said its turnaround plan is ‘going apace’ and held firm its targets for the financial year, after an upgrade last month.

Evening Standard

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British woman shot by father after Trump argument was ‘unlawfully killed’, coroner rules

Lucy Harrison’s father insisted he shot his daughter in the chest accidentally at his home in Texas

The Independent UK

Debenhams hikes earnings outlook and decides to keep PrettyLittleThing

The group now expects underlying earnings of £50 million for the year to February 28, up from previous guidance for around £45 million.

Evening Standard

You can actually buy The Celebrity Apprentice’s biscuits – here’s how

The Jolly McTrouble and Gary the Penguin biscuits are available to buy now

The Independent UK

UK retailers urge faster end to tax break on low-value imported goods

Primark, Currys and Boohoo criticise government for waiting until 2029 to phase out exemption on customs duty

The Guardian - UK

Debenhams boss could receive almost £150m if he turns around struggling retailer

Incentive scheme for CEO of fashion group, which also includes Boohoo, comes as sales slump 23%

The Guardian - UK

Debenhams launches British fashion labels in US through department stores

The owner of Boohoo and Debenhams is selling UK brands such as Nasty Gal and Karen Millen online through Macy’s, Bloomingdale’s and Nordstrom.

Evening Standard

Fast fashion’s quick decline: Asos and Boohoo have that post-Covid feeling

Once worth £5bn, Asos dropped out of the FTSE 250 this week and other brands face sharp competition in a tough market

The Guardian - UK

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The Guardian - UK

Debenhams may sell Pretty Little Thing and shut distribution hub

Online fashion seller’s losses widen to £264m as Poundland confirms plans to close up to 150 stores

Evening Standard

Debenhams Group considers sale of PrettyLittleThing amid turnaround efforts

The business, previously known as Boohoo Group, said it has cut its staff headcount by 30% as part of efforts to reduce costs.

Evening Standard

Stocks up as Powell leaves door ajar for rate cut

The FTSE 100 index closed up 12.20 points, 0.1%, at 9,321.40.

inkl

Boohoo AU: How to Find Amazing Deals on Trendy Clothes

Boohoo has become a go-to destination for fashion-forward Australians looking for trendy clothes, shoes, accessories, and beauty products at affordable prices

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The Guardian - UK

Online fashion retailer Shein’s UK sales leap by a third to more than £2bn

Profits rise 56% to £38.2m in 2024 as company overtakes British rival Boohoo and closes in on Asos

Evening Standard

Boohoo founder should be investigated over debt collection, says Mike Ashley

Mr Ashley’s Frasers Group – which owns an almost 29% stake in Boohoo – said it had ‘very serious concerns’ over reports about Mahmud Kamani’s conduct.

Evening Standard

What you need for barre: Get kitted out for the ballet-inspired fitness trend

Raise the barre on your ballet-inspired workout wardrobe

The Guardian - UK

Boohoo to rebrand as Debenhams despite Frasers Group’s vote to block it

Shareholder meeting turned into latest episode in battle between fashion retailer and Mike Ashley’s retail empire

Evening Standard

Barometer! Is anybody on earth more chuffed with themselves than Stanley Tucci? Perhaps only Louis Theroux

What’s hot... and what’s not — keep up with Joe Bromley’s weekly barometer

The Guardian - UK

What next for Mike Ashley’s patchwork retail empire?

The tycoon’s Frasers Group faces a tricky next chapter after decades of relentless deal-making

The Guardian - UK

Saturn’s moons, royal songs and sporting politicians – take the Thursday quiz

Questions on general knowledge and topical trivia, plus a few jokes, every Thursday. How will you fare?

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