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Debenhams returns as Boohoo takes the bust department store’s name
DEBENHAMS is back as fast-fashion retailer Boohoo takes the bust department store’s name.
The online group yesterday shocked the City by announcing the decision alongside a radical overhaul of its strategy to an online marketplace selling other brands.
Analysts and industry experts told The Sun it could pave the way for a break-up and sale of some of its struggling young fashion brands.
Boohoo bought Debenhams out of bankruptcy for £55million in 2021 but none of its 124 stores.
At the time, Boohoo was enjoying the online boom as bored young shoppers spent lockdowns buying outfits from their smartphones and it tapped into rapidly changing social media fashion trends.
However, since Covid restrictions lifted, Boohoo’s share price has collapsed by 90 per cent.
Its sales growth has stalled, losses have soared and it has faced intense competition from rival fast-fashion site Shein.
Daniel Finley, who was only promoted in November from leading the Debenhams division to chief executive of the group, yesterday said that he wanted to use his turnaround of the former department store business as “a blueprint for the wider turnaround of the group”.
In a major strategy shift, the retailer will go from being driven by its own brands, designing and buying stock in its own warehouse to having a “stock-lite and capital-lite” model.
Analysts welcomed the shake-up, saying that Debenhams was now making around half of the group’s earnings.
Still, the company’s shares fell by another 4.6 per cent yesterday to 26p.
The shift will mean Debenhams will go up against the likes of strong retail giants Next, which has a booming online marketplace, Marks & Spencer, which is rapidly adding third-party fashion brands, John Lewis and even Mike Ashley’s Frasers Group.
The company revealed that Debenhams made revenues of £204.6million last year, nine per cent more than the previous year.
Its youth brands, which include the Boohoo label, PrettyLittleThing and NastyGal, made almost four times as much money although this was a fifth down on the previous year.
Mr Finley yesterday posted on Linkedin: “This isn’t just a new beginning, it’s a new dawn taking flight”. He signed off with “LFG” — short for “let’s f go” and a rocket emoji.
Cookie egg win
DOMINO’S PIZZA has almost sold-out of its Cadbury Creme Egg cookies, a month before Easter and a year after the treat sparked an obesity outcry.
Boss Andrew Rennie confirmed his chain is on track to shift all of its limited supply of one million Creme Eggs for its cookies, which have 370 calories each.
Ex-health minister Lord Bethell branded bosses “irresponsible” over the snack.
But Rennie said consumers had their “eyes wide open”, as he reported profits up 8.4 per cent to £107.3million.
Cut-price bids for WHSmith
THE two bidders for WHSmith‘s high street business are understood to have offered significantly less than the £100million price tag fancied by most analysts.
Alteri, which owns Bensons for Beds, is going head-to-head with Modella Capital, which owns Hobbycraft and The Original Factory Shop, to strike a deal which will remove WHSmith’s name from the high street after 233 years.
Analysts had suggested the business could fetch between £100million and £130million.
However, sources scoffed at this price. They said the two offers had different proposals attached but the cash value was well below £100million.
This is because the deal does not include any freehold store sites or branding, and only limited stock.
It is understood that the situation is not so perilous to require WHSmith to offer a dowry to bidders to take the high street arm off its hands.
Car loan compo
MILLIONS of motorists who were mis-sold car finance deals could receive automatic compensation.
The Financial Conduct Authority yesterday said it would compel lenders to tell customers how much they are owed if the Supreme Court rules next month that loans were mis-sold.
Analysts estimate payouts could average around £1,100 per person.
It follows a landmark ruling last year that car dealers had broken the law by receiving commission on finance deals without buyers being aware.
Two fingers to Mike Ashley
STAND back. Mike Ashley might be about to explode. The tycoon was already bruised about Boohoo beating him to buying Debenhams.
He even built up a big stake in Boohoo to try and wrestle back power, only for the board to snub him and promote Daniel Finley as boss.
In December investors denied him a board seat even after he waged a costly campaign. Now — in the ultimate two-fingered snub — Boohoo is rubbing salt in the wound by rebranding itself Debenhams.
“Big Mike” had that idea first — renaming Sports Direct empire Frasers Group to improve its reputation after buying the House of Fraser store business.
Mr Finley would not reveal yesterday if he had run the rebrand past Mr Ashley, saying: “We think there’s a huge opportunity to deliver for shareholders — that includes Mike and Frasers.”
VW's bad to wurst
VOLKSWAGEN is close to selling more sausages than cars in a bizarre blow for the German motor giant.
VW revealed that last year it sold a record 8.5million “currywurst” dishes — sausages with ketchup and curry powder.
By comparison, Europe’s biggest car maker sold 9million vehicles, 3 per cent lower than the year before.
VW’s currywurst originated in its factory canteen but is now sold widely in supermarkets.
Hugely popular face cream is urgently recalled over contamination with chemical linked to cancer
A HUGELY popular beauty item has been urgently recalled over fears they could contain cancer-causing chemicals.
L’Oréal has slapped a ‘do not use’ alert on its La Roche Posay Effaclar Duo facial moisturiser in stores across the US as it grapples with the shocking revelation.
The cosmetics giant fears the product, which sets buyers back £27, could contain benzene, a group one carcinogen.
Brits will be relieved to hear that the contamination does not affect UK-based products, which are sold in pharmacy chains including Boots and Superdrug.
The US formulation of Effaclar Duo contains the ingredient benzoyl peroxide (BPO), which kills bacteria to help treat acne.
But BPO is known to break down into benzene in certain conditions, including warm temperatures.
In a statement, L’Oréal told Bloomberg: “In close coordination with the US Food and Drug Administration (FDA), we have proactively decided to remove the limited remaining units of the current formula of Effaclar Duo from retailers.
“This decision also enables a seamless transition to our new and improved Effaclar Duo formula, which has been in development since 2024 and will be available to consumers soon.”
Benzene “is a chemical that is a colorless or light yellow liquid at room temperature. It has a sweet odor and is highly flammable,” according to the Centers for Disease Control.
The chemical evaporates into the air very quickly and may sink into low-lying areas.
Benzene, which occurs naturally in volcanoes and forest fires and is found in cigarette smoke, dissolves only slightly in water and will float on top of the water.
It is used in the production of other chemicals that are used to make plastics, resins, and nylon, as well as lubricants, rubbers, dyes, detergents, drugs, and pesticides.
The Sun Online has reached out to L’Oréal for comment.
It comes just days after a popular children’s gardening set was recalled over a “serious chemical risk”.
Shoppers have been warned over a seven-piece toy set for kids sold by Costco in the UK.
The Long Handle Hoe and Rake in Stanley Jr. Kids Wheelbarrow and seven-piece Garden Sets have been urgently pulled from shelves.
They do not meet the requirements of the Toys (Safety) Regulations 2011.
Office for Product Safety and Standards officials confirmed yellow paint on the hoe and rake handles contains “excess concentrations of migratable lead”.
Health risks of exposure include kidney damage, problems in the circulatory system and developing brains.
The unborn babies of pregnant women and young children are the most sensitive to lead.
Customers have been warned to check for the Costco item number 1662178, batch 12/2023, and SKU SGH021-08-SY.
What happens if you are exposed to benzene?
Exposure to high levels of benzene can cause drowsiness, headaches, irregular heartbeat, and unconsciousness.
Benzene causes long-term harmful effects on the bone marrow and can cause a decrease in red blood cells, leading to anemia.
According to the Department of Health and Human Services, benzene can cause cancer, including leukemia.
Those exposed to benzene poisoning are urged to go to the hospital to receive immediate medical care.
Man Utd chief admits club risk FIVE-YEAR trophy drought as they commit £2BILLION to 100,000-seat ‘New Trafford’ stadium
MANCHESTER UNITED admit they “risk” a five-year trophy drought by committing £2BILLION to ‘New Trafford’.
United yesterday unveiled their vision for a state-of-the-art, 100,000-seater home next to the Theatre of Dreams.
But it came less than 24 hours after co-owner Sir Jim Ratcliffe claimed the club could have gone bust by Christmas without his savage cost-cutting measures.
The “brave” stadium plans were backed by legendary former boss Sir Alex Ferguson.
While chief executive Omar Berrada hopes current under-fire boss Ruben Amorim will still be in charge when the stadium is completed in 2030.
However, asked if the build could affect their competitiveness on the pitch, Berrada admitted: “That is a risk.
“Clearly it’s something we want to avoid.
“We don’t want to inhibit our ability to invest in the team, for us to continue being competitive while we are building a new stadium.
“There are various ways around that; one of the things we are looking at is to shorten the construction timelines so we can have a new stadium within five years, that’s our ambition.
“In the meantime, by getting our finances back in order and becoming profitable, we believe we can be very competitive.”
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Prem rivals Arsenal and Tottenham have also moved homes in recent memory — and suffered on the field as a result.
But Berrada added: “The big benefit that this club has is that it has the biggest fanbase in the world and therefore the ability to be the No 1 in terms of revenues it generates.”
United hope to start construction this year, but the aim is to be in their new home by the start of the 2030-31 season.
The Manchester United Supporters Trust (MUST) said the images looked “stunning and exciting” but the project raises more questions than answers.
Amorim’s men are currently 14th in the table and many regulars believe the squad needs a major rebuild.
The MUST statement said: “Whilst investment is much needed and welcome, fans remain anxious about what it means and what the consequences will be.
“Will it drive up ticket prices and force out local fans? Will it add to the debt burden which has held back the club for the last two decades?
“Will it lead to reduced investment in the playing side at a time when it is so badly needed?”
Man Utd ratings vs Arsenal as De Ligt shows exactly why Red Devils signed him but Zirkzee is as frustrating as ever
IT was a performance that would have pleased Ruben Amorim but a 1-1 draw with Arsenal does little to paper over the cracks at Manchester United.
On a day when the Old Trafford crowd protested the owners, the players stood up to show their remains life in a club that fans say is experiencing a “slow death”.
There was a lack of clear-cut chances in the opening 45 minutes as both sides goalscoring troubles continued.
A moment of magic was needed and Fernandes stepped up as he so often does.
Arsenal‘s wall was full of man mountains, but Fernandes found the power, dip and accuracy to beat David Raya with his free-kick – even if the wall was marched 11.2 yards back instead of the regulated ten.
Mikel Arteta’s side came out swinging in the second-half with their makeshift No9 up top, and it took a brilliant effort from Declan Rice to level the scores.
United were able to frustrate them and remain a threat on the counter but eventually had to settle for a point in a much-improved performance.
Here is how SunSport’s Martin Blackburn rated the United performances.
The stadium plans were backed by Fergie, who said: “Manchester United should always strive for the best in everything it does.
“Old Trafford holds so many special memories for me but we must be brave and seize this opportunity to build a new home fit for the future, where history can be made.”
United believe they can continue to play in the 74,000-capacity Old Trafford, which has been their home since 1910, right up until their new stadium is ready.
The cost of the project left some fans scratching their heads — as it came just a few hours after Ratcliffe issued his chilling warning about the club’s finances.
Berrada confirmed the stadium, along with club areas like fan zones and a megastore, will not be paid for by the general public.
He added: “We won’t be asking for taxpayer money.
“But, at the same time, the stadium, the new build in isolation does not make sense if there’s not an investment in the wider generation project.”
United will also explore the possibility of raising some cash by selling the new stadium’s naming rights.
Berrada admitted the hope in the boardroom is that Amorim will still be in charge come 2030.
The Frenchman said: “We’d love it if he was still coach when we move.”
United’s hopes of playing Champions League football next term are hanging on them winning the Europa League.
They host Real Sociedad in a last-16 second-leg clash on Thursday night with the score 1-1.
Berrada said: “If we qualify to the Champions League, we will have more revenues and we’ll have more capacity to invest in the team.”
Iconic 115-year-old British sports car brand unveils new £100,000 model – with a little help from a Top Gear legend
AN ICONIC British sports car brand has unveiled its new £100,000 flagship model.
Morgan Motor Company revealed its new motor, the Supersport, with the help of a Top Gear legend on Tuesday at the firm’s headquarters in Malvern, Worcestershire.
The iconic carmaker partnered with former Top Gear host Richard Hammond to help to unveil the new model, which is set to replace the Morgan Plus Six.
Since production of the Plus Six ended last year, only a limited-edition Pinnacle version has been released.
Now, Morgan hopes to cement its future with the brand new Supersport.
Each of the new models will be made using the time-honoured tradition of hand forming its CXV-aluminium body over a wooden ash frame.
The lightweight two-seater comes powered with a BMW-borrowed turbocharged inline six-cylinder engine that puts out 335bhp.
It also comes with the BMW ZF eight-speed automatic gearbox and can race up from 0 to 62mph in just under four seconds.
The modern motor has a top speed of 166mph, although you’ll probably only want to reach a speed this high with the hard-top roof closed.
You can get the motor with a hard-top roof for an extra £5,500 or with a traditional folding soft top for an additional £3,500.
Managing director Matthew Hole said: “Supersport marks the beginning of an exciting new chapter for Morgan – a flagship that reflects the spirit and confidence of our brand today.
“Supersport embodies an effortless combination of dynamic performance – thanks to its new lightweight ‘CXV’ aluminium platform – and contemporary yet unmistakable design.
“Every element has been carefully considered to create an engaging and responsive driving experience, where technology is seamlessly integrated to enhance – rather than overpower – the connection between car and driver.”
The motor is priced at £102,000 and first test drives will be available at dealerships from mid-April.
Customer deliveries are due later this year.
This comes just weeks after fears were raised for Morgan’s future, as it is among a small group of low-volume manufacturers that could be heavily impacted by the UK’s mandated electrification timeline.
Currently, manufacturers that sell fewer than 2,500 cars annually in the UK are exempt from the zero emission vehicle, or ZEV, mandate, which requires mainstream firms to hit an 80% EV mix by 2030.
This means the likes of Morgan, as well as Caterham, Ginetta and Lister, won’t have to develop and rush through the creation of an all-electric motor within the next few years.
However, it remains unclear whether these smaller brands will also be spared from the 2030 ban on new pure internal combustion engine sales.
What’s more, the rules state that hybrids with a “meaningful” electric range can remain on sale until 2035, when all new cars in the UK must be fully electric.
Morgan, which is 115 years old, produces around 850 cars a year and has a six-month waiting list for orders.
Its motors are famed for their ability to blend classic design and traditional craftsmanship with modern technology.
‘A LOT OF AMBIGUITY’ OVER SALES
Recently, the firm’s managing director, Matthew Hole, expressed frustration over “a lot of ambiguity” surrounding what smaller manufacturers will be permitted to sell.
He said: “To get a car into production for 2030 as an EV, we need two-and-a-half to three years, based on where we are today, so we’ve got a little bit of time left.
“But the clock is ticking pretty fast at the moment – and for manufacturers like us, that’s a hard deadline.
“We have to plan our investment. I can’t really find out on 1 January 2027; I’m planning my investment for 2030 now.”
This timeframe for development is proving to be a significant challenge for Morgan’s decision-makers.
Hole added: “If we need an EV in 2030 or we need an EV in 2035, those are two very different scenarios, and they significantly change how we approach product planning going forward.
“Our customers are telling us that they would like to keep buying internal combustion engines, and the legislation isn’t clear today on when we will be required to move to EVs in all markets.
“We have other markets around the world, and they are internal combustion-engines. Our cars are incredibly clean.
“It’s an incredibly clean engine and transmission package. The cars are really lightweight, they’re low-emission, and they’re actually really sustainable by design.”
Tyra Banks’ fans think she looks ‘completely different’ with dramatic new look at Paris Fashion Week
TYRA Banks left fans saying she looked “completely different”, as she showed off her dramatic new look at Paris Fashion Week.
The iconic Victoria’s Secret model, 51, turned heads as she joined a host of celebrities at the prestigious event in the French capital.
Tyra – who shot to fame in the 90s – was spotted at the Balenciaga Womenswear Fall/Winter 2025-2026 show.
The former America’s Next Top Model host was seen dressed in a chic all-black ensemble that included an oversized jacket and dress.
Tara looked like she was going for the bleached brow look, similar to the same one Miley Cyrus went for at the Oscars.
She completed the daring look with pink eyeshadow and glossy lips, and had her hair pulled back in a ponytail.
The former Dancing With The Stars host joined other stars at the big event, including Alessandra Ambrosio and Romeo Beckham.
Fans were quick to talk about her new look, with one saying: “She doesn’t look bad, just not the same.”
Another added; “Wow Tyra looks completely different.”
LIVING DOWN UNDER
Meanwhile, Tyra has been living out in Sydney with her boyfriend Louis Bélanger-Martin for over a year now.
The star is getting ready to launch her ice cream store chain Smize & Dream out there.
Over the last year, Tyra has been keen to show off her natural beauty.
She has used Instagram to showcase her makeup free look, and it has gone down well with fans.
Tyra recently posted a picture of herself with a fresh face and beachy hair.
In the comment section, fans praised the star for her authentic beauty.
“Supermodel regardless,” one follower wrote.
Another said, “Real queen!”
“That’s why I always admire you, you keep it real in real time,” a third commented
TYRA’S JOURNEY
Tyra began modeling when she was 15 and went on to be the first Black woman on the covers of GQ and Sports Illustrated’s Swimsuit Issue.
She then went on to appear in several TV shows and movies including Life Size with Lindsay Lohan, The Fresh Prince of Bel-Air, and Coyote Ugly.
But her biggest break was becoming one of the first Victoria’s Secret angels.
In 2003, Tyra created the reality competition series America’s Next Top Model, for which she was named executive producer and host from its inception until 2015.
She later hosted her own chat show, The Tyra Banks Show, during her time on ANTM, and was the Dancing With The Stars presenter.