Nasty Gal acquired by White Space Group WSG

Structured as a corporate carve-out of a non-core asset, this cash transaction officially separates the fashion label Nasty Gal and its global intellectual property rights from the online retail parent Debenhams Group for the explicit benefit of WSG Brands. Executed on September 15, 2026, the definitive divestiture agreement secures Nasty Gal for a total cash consideration of $10–30M. Based on the financial reporting for the fiscal year ending February 28, 2026, Nasty Gal recorded a gross merchandise value of $5–25M and generated an adjusted EBITDA of $0–5M. For Debenhams Group, formerly operating under the name Boohoo Group, this brand liquidation directly supports an ongoing strategic transition toward a capital-lite, marketplace-led operating model designed to structurally reduce fixed costs and move away from a traditional stock-led retail architecture. Directed by Group Chief Executive Officer Dan Finley, this transaction marks the second major asset disposal for Debenhams Group within a five-day window, immediately following the £90 million sale of its Sheffield distribution centre to Primark completed on September 10. By finalizing these consecutive asset liquidations, Debenhams Group expects its corporate net debt to become negligible by the end of its financial year in February 2027, accelerating a previous financial target aimed at bringing net debt below one times the consolidated adjusted EBITDA. During its 2026 fiscal year, Debenhams Group recorded a narrowed pre-tax loss of £108.3 million alongside declining corporate revenues of £917 million and a total group gross merchandise value of £1.82 billion.