Debenhams may sell Pretty Little Thing and shut distribution hub | Debenhams

Debenhams, formerly known as Boohoo, thinks that the beautiful small thing (PLT) brand is sold and the closure of the distribution center in Burnley, which can lead to 1,251 job loss.

The company said that “discovered a series of long -term options”, which realizes that it includes the sale of a closed warehouse in the midst of the expansion of sales and losses in the USA.

Pretty Little Thing’s potential sale, Boohoo’s executive chair and founding partner Mahmud Kamani and business partner Paul Papworth’s son Umar Kamani’den come after the purchase of more than 260 million £ a minority shares.

Debenhams, delayed annual results, said that pre -tax losses reached £ 264 million from £ 164 million to 28 February compared to the previous year. In the US depot and restructuring costs, one -time costs, including a writer, was £ 199 million.

Sales, the group’s “youth brands” – Boooo, PLT and Boohooman – fell more than fifth to £ 1.5 billion with the biggest hit and sales.

Ana Boohoo brand, Chinese Shein and second -hand expert, such as cheap online alternatives, as well as the increase in the disposable income of young shoppers has faced difficulties under pressure.

The Group’s Debenhams arm, which includes an online market and warehouse, Oasis and Dorothy Perkins brands, increased its sales a little more than one third to £ 654 million, but the fashion brand Karen Millen was 3%record.

Dan Finley, Chairman of the Executive Board, said that the Board of Directors of Debenham recognizes the need for change after a continuous and unacceptable low performance period ”and reduces costs and reduces stocks.

“Work has gone through a very challenging period reflected in these results,” he added. “I would like to make sure that the enterprise takes the necessary measures quickly and determined to address the challenges we face. There will be no stone left.”

Potential business losses in Debenhams come because Poundland has approved its plans to close 150 stores and two distribution centers and at risk more than 2,000 jobs.

The cut -off price retailers received approval from the creditors and the Supreme Court on Tuesday for the rescue plan, which includes the closure of 68 stores this month, and some of them have already closed their doors and dozens of more rental deductions. Over time, he wants to exit up to 150.

The company, which was sold to the US investment group Gordon Brothers in June for £ 1, has more than 800 sales points employing approximately 16,000 people in the Republic of England and Ireland. It also stops selling online, abandoning advantageous loyalty, and stops selling frozen foods.

This will lead to the closure of the National Distribution Center in Springvale in West Midlands, Poundland’s Darton, Frozen and Digital Distribution Center in South Yorkshire and Western Midlands, in the beginning of 2026. The other two distribution centers in Wigan and Harlow will continue to work.

As a part of a restructuring process to the creditors in August in August, dozens of more than 15% to 75% in the store looking for rent reduction, while the rents of the hosts to zero in 180 stores.

Poundland’s General Manager Barry Williams said: “Today’s decision is vital for Poundland, and allows us to balance the business, allowing us to secure hundreds of stores and thousands of jobs.

“Despite the opportunity of this decision, I pay attention to the results of our colleagues, especially for those who leave us while facilitating our store property, distribution network and support teams.”

Now, “Returning us back to the path – renewing the gaps, reducing prices, and focusing on creating a simpler and more focused Poundland.

Williams said Poundland has reduced cooled food ranges to the foundations such as milk and butter, but expanded their clothes, especially for women and brought back seasonal favorites.