Published: June 16, 2026 at 8:31 am
Debenhams Group has hailed its turnaround after slashing annual losses.
The listed parent company of boohoo, PrettyLittleThing and Karen Millen says its ‘capital-lite, stock-lite’ marketplace model has now been rolled out across the entire group.
Losses before tax for the year ended 28th February 2026 were £108.6 million, down 69.2% from £352.5m in the prior year – reflecting improvement in adjusted EBITDA and a sharp reduction in exceptional costs.