Debenhams to Acquire Danish Chain Magasin in a £12.3 Million Deal

In a deal which will cost UK's retail stores chain giant ?12.3 Million, Debenhams confirmed on Thursday that it will be purchasing Denmark's Magasin chain, which trades from as many as 6 stores and reaches out to nearly 20 million consumers each year. Debenhams has shared that Magasin recorded a whopping ?229 Million turnover for the period of a year up-to February 28, 2009.