Debenhams Group (which used to be Boohoo Group) issued its annual results for the year to the end of February on Tuesday afternoon and said adjusted EBITDA rose 3% to £41.6 million.

There were plenty of negative figures in the report too, but some things are clear – this is still a huge operation selling a massive amount of fashion and other products. And certain parts of the business are performing much better than others. The Debenhams brand in particular is a standout performer. But PrettyLittleThing (PLT), which was recently relaunched, clearly isn’t. It had a negative impact on the results and the company is exploring its sale.

The shares spiked upwards by about 3% on the news, which is understandable given the negative impact PLT has had on the group’s performance.

CEO Dan Fi

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