BENGALURU: Online fashion retailer Boohoo Group Plc is set to acquire collapsed British department store group Debenhams in a cut-price deal that will result in the closure of the group’s remaining department stores, the Financial Times reported.
The purchase price is expected to be about £50mil (US$68.39mil) and a deal could be announced in the next few days, the newspaper reported, citing two people with knowledge of the transaction.
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