What: The former Arcadia Group brands and Debenhams, which were snapped up by Boohoo last year, have continued to make a loss under the etailer’s ownership.

Why it is important: Debenhams, Boohoo’s largest acquisition, made an 11.7-million-pound pre-tax loss against 56.9 million pounds in sales in a slightly longer period of 14 January 2021 to February 28 2022.

The group acquired the department store retailer in a 55-million-pound deal in January 2021 after it fell into administration. It then snapped up Burton, Dorothy Perkins and Wallis in a separate 25-million-pound deal the following month.

The online retail giant blamed falling consumer demand and rising returns post-lockdown for the disappointing performance of its newly acquired brands, which also hit the wider Boohoo Group.

Arcadia brands and Debenhams fail to profit under new owners