Stock of the Week: Boohoo

A supply chain scandal rocked the online fashion retailer last year, but it has been on the acquisition trail recently, buying the Debenhams brand and websites

James Gard 29 January, 2021 | 10:36AM
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Post-It Note

High street shops may be shut but retailers, especially online ones, have been busy of late. Our stock of the week, as voted for by our Twitter followers is Boohoo (BOO), which has just bought Debenhams brands and website (but not the stores) for £55 million. Its latest acquisition targets include distressed assets from the Arcadia administration, including Dorothy Perkins, Wallis and Burton.

The moves reflect the shakeout on the high street after lockdown dealt a fatal blow to many already struggling businesses, but also reflects the huge shift online that was in motion even before Covid-19.

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James Gard  is content editor for Morningstar.co.uk