The Estee Lauder Firms closes all counters at Debenhams as Boohoo deal shuts down shops
THE DETAILS Shortly after Lauder’s announcement, new Debenhams proprietor Boohoo introduced the eventual closure of all bodily places, placing some 12,000 jobs in danger. Boohoo CEO informed The Guardian that it was too early to say what number of jobs could also be saved however some roles in magnificence had been anticipated to be saved.
THE WHY? Boohoo’s acquisition of the Debenhams’ manufacturers and related mental property rights doesn’t embrace retail shops, inventory or monetary providers. The quick vogue producer will use the division retailer’s web site – a high 10 retail web site by site visitors – to create ‘the UK’s largest market’.