The scale of the change is profound: when Debenhams listed on the stock exchange in 2011, investors valued it at £1.6bn. Boohoo, which was founded only in 2006, already has a stock market value of £4.4bn. Asos, a bit player two decades ago when Sir Philip Green’s Arcadia group was riding high and toying with a bid for Marks & Spencer, is now valued by the stock market at £5bn.
https://www.bbc.co.uk/news/business-55793411,
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