Debenhams Group has reported a strong H1 FY26 turnaround, led by Debenhams’ 20 per cent GMV growth and 50 per cent EBITDA rise. Its marketplace-driven, capital-lite model is boosting margins and doubling partner numbers to 20,000. Youth brands returned to positive EBITDA and Karen Millen begins a premium repositioning strategy. Costs have been cut by £160 million (~$211.85 million).
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