Debenhams acquires Roches Stores outlets

British retailer Debenhams plc has today announced that it has signed contracts for the acquisition of nine Roches Stores outlets in Ireland for €29m, plus the value of stock.

The €29m is payable in three instalments, €15m at completion, €5m on the first anniversary and €9m on the second anniversary. The acquisition will be funded from existing cash and bank facilities, Debenhams said..