Debenhams owner sells Nasty Gal fashion label to WSG Brands for £12m
UKPulse Consumer Desk
The owner of Debenhams has sold the Nasty Gal fashion label to WSG Brands in a £12 million deal. Debenhams boss Dan Finley stated the sale would support the company's balance sheet.
- Nasty Gal fashion label sold for £12 million.
- WSG Brands acquired Nasty Gal from Debenhams' owner.
- Debenhams boss Dan Finley described Nasty Gal as 'non-core'.
The fashion label Nasty Gal has been sold to WSG Brands for £12 million. The sale was made by the owner of Debenhams.
Debenhams boss Dan Finley commented that Nasty Gal was a 'non-core' business and that the sale is intended to help strengthen the company's balance sheet as part of a turnaround effort.