Britain’s Boohoo buys Debenhams brand for 55 million sterling By Reuters

LONDON (Reuters) – British online fashion retailer boohoo.com plc (LON:BOOH) said on Monday it had purchased the brand of collapsed department store group Debenhams for 55 million pounds ($75.4 million).

Debenhams’ administrators said last month it was starting a liquidation process, putting 12,000 jobs at risk.