<\/p>\n
\n\tLONDON \u2014 As part of a strategic rethink, Britain\u2019s Debenhams Group has sold the Nasty Gal brand, including the global intellectual property rights, to White Space Group New York, for $16 million in cash.<\/p>\n
\n\tDebenhams, formerly known as Boohoo Group, bought Nasty Gal out of bankruptcy in 2017, paying around $20 million in cash. It relaunched the American brand, which started life as an eBay vintage clothing boutique and later became a fast-fashion retailer, and helped it achieve profitability.<\/p>\n
\n\tDebenhams said that in 2026, Nasty Gal generated gross merchandise volume of 12 million pounds and had an adjusted earnings before interest, taxes, depreciation and amortization of 400,000 pounds.<\/p>\n
\n\tIt described Nasty Gal as \u201cnoncore and not material to the group\u201d and added that the transaction \u201caligns with our strategy of transitioning to a marketplace-led business model that is capital-light, stock-light, cost-light and cash generative.\u201d<\/p>\n
\n\tDebenhams has said its ambition is for its beefed-up marketplace to represent \u201cwell over 50 percent\u201d of gross merchandise value.<\/p>\n
\n\tIt added the disposal \u201cfurther strengthens the balance sheet\u201d following the 90-million-pounds sale of the automation in the group\u2019s Sheffield, England, distribution center and reassigned the lease to Primark.<\/p>\n
\n\tDan Finley, group chief executive officer, said, \u201cOur turnaround continues at pace. The disposal of Nasty Gal, a noncore asset, aligns with our strategy and further strengthens the balance sheet.\u201d<\/p>\n
\n\tWSG, a brand management firm, owns Von Dutch and women\u2019s fashion brands Vintage Havana and Surf Gypsy. It also co-owns the intellectual property for Allbirds, with American Exchange Group. It specializes in managing and preserving the legacy of well-known brands, providing them with marketing, design and licensing support.<\/p>\n
\n\tFollowing the Sheffield sale, Debenhams said it was entering into an agreement with a global 3PL provider that will enable it to fulfill its stocked product as efficiently as ever, and will allow the group to scale its Delivered by Debenhams fulfillment proposition \u201cbeyond fashion.\u201d<\/p>\n
\n\tDebenhams said it returned to GMV growth in the first quarter and growth has accelerated in the second quarter. It will release a trading statement for the first half later this week. <\/p>\n
#Debenhams #Group #Sells #Nasty #Gal #WSG #Focuses #Marketplace<\/p>\n","protected":false},"excerpt":{"rendered":"
LONDON \u2014 As part of a strategic rethink, Britain\u2019s Debenhams Group has sold the Nasty Gal brand, including the global intellectual property rights, to White Space Group New York, for… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[242],"tags":[],"class_list":["post-1033","post","type-post","status-publish","format-standard","hentry","category-editors-pick"],"_links":{"self":[{"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/posts\/1033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1033"}],"version-history":[{"count":0,"href":"https:\/\/stock789.top\/index.php?rest_route=\/wp\/v2\/posts\/1033\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock789.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}