Judge Schaffer made a winding-up order after news emerged that online fashion retailer Boohoo had bought the Debenhams brand and website for £55 million. The deal will see Debenhams products sold by Boohoo from early next year. Debenhams had already announced significant job losses and the permanent closure of six stores, including its flagship outlet on London's Oxford Street. Boohoo said the deal represents a "fantastic opportunity" to target new customers and launch into the beauty, sports and homewares market for the first time. Debenhams went into administration in April 2020. Lawyers representing businessman Mike Ashley's Frasers Group, which owns Debenhams' shares, had issued a winding-up petition. A barrister representing Frasers Group had asked Judge Schaffer to consider a number of preliminary issues at Monday's hearing.