Debenhams acquires Denmark’s top department store business

Debenhams has bought the leading Danish department store chain Magasin du Nord in a deal worth £12.3m.

Debenhams acquires Denmark’s top department store business

Magasin attracts some 20m customers annually and had sales of £228.7m in the financial year to February 28 2009. Debenhams has acquired all six stores – four in and around Copenhagen and two in Århus and Odense.

Debenhams chief executive Rob Templeman said that “the close fit between

the two businesses will be mutually beneficial. Magasin is one of the best-recognised brands in Denmark, with a loyal customer base and some great products.

“The success of our international business demonstrates that there is demand for our own-bought and Designer brands outside our home market, which we believe will complement Magasin’s existing brands and deliver both outstanding value and choice to the Danish consumer.”

Check Also

Bryan Clover of Rainy Day Trust to hike 84 miles in 48 hours non-stop for charity

In a little over two weeks, I will be starting a non-stop 84-mile hike from …