Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Debenhams defends relationship with beauty concession

Debenhams has hit back at speculation that its relationship with concession partnership Blow has deteriorated.

The Sunday Times reported that beauty app Blow has refused to commit to any new spending with the department store and that its backers have hired a boutique investment bank to find a buyer.

Debenhams took a minority stake in Blow last September in what chief executive Sergio Bucher labelled as a “strategic move that ties in multiple facets of our Debenhams Redesigned strategy.”

In a statement, Debenhams said: “Blow and Debenhams have established a strong partnership and continue to work together to grow beauty services in Debenhams stores. Debenhams’ digitally integrated beauty hall of the future, incorporating Blow beauty bars, will open in stores at Meadowhall and Watford this autumn.”

The department store issued a profit warning for 2018 last month as sales continue to struggle in an “exceptionally difficult” market.

It now expects pre-tax profit to reach between £35m-£40m, with EBITDA between £160m-£165m. Previously it had anticipated profits before tax of £50.3m.


Readers' comments (1)

  • A poor strategy unraveling.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.