Boohoo

Debenhams Group has promoted technology director Paul Aspden to the role of chief technology officer as it looks to scale its marketplace platform and accelerate the use of AI across the business.

Debenhams Group has reported stronger-than-expected full-year profits, as its pivot to an asset-light, marketplace-led model begins to deliver.

Redundancies have taken place at Debenhams Group as the business continues to explore the use of AI-generated imagery, Drapers has learned.

Debenhams Group has confirmed plans to raise approximately £35m in equity to strengthen its balance sheet, reduce debt and support its ongoing turnaround.

Mahmud Kamani, Boohoo co-founder and group executive vice chair of the rebranded Debenhams Group, is likely to have known about "terrible, unsafe and unsanitary conditions" in Leicester-based sweatshops that supplied his business, a High Court lawsuit shows.

Debenhams Group, formally known as Boohoo Group, has raised its outlook for the financial year to 28 February 2026 from £45m to £50m, amid improvements across its “youth brands” such as Boohoo and PrettyLittleThing.