Search Results for: debenhams

Debenhams’ co-CEO exits the business following winding-up orders after Boohoo deal

Debenhams’ co-CEO is leaving the business following the issuance of court orders to wind up its operations after the acquisition deal with online retailer Boohoo was struck this week. The co-chief executive, Steven Cook, will be exiting the Debenhams business following a four year stint with the department store chain …

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Boohoo buys Debenhams brand and website – but no rescue of high street stores or workforce

The online fashion giant, Boohoo has bought the Debenhams brand in a £55 million deal that will not include rescuing the retail chain’s physical stores or its workforce. Instead, Boohoo plans to “rebuild and relaunch the Debenhams platform” as it continues in its ambitions to lead the fashion ecommerce market, …

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Mike Ashley’s Frasers Group in ‘potential rescue talks’ with Debenhams

Retail tycoon Mike Ashley’s Frasers Group is in talks over a ‘potential rescue transaction’ for the British department store Debenhams. The brand fell into administration last week, putting some 12,000 jobs at risk. Frasers has said that it was ‘in negotiations with the administrators of Debenhams’ UK business’ on a …

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UPDATED: Debenhams to close all 124 stores as JD Sports rescue talks are terminated

Debenhams is to wind down the business and close all 124 stores after JD Sports ended discussions over a rescue deal for the struggling department store chain. Rescue talks ended between the two companies following the collapse of Arcadia Group yesterday afternoon. The latest developments now puts 12,000 high street …

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Debenhams to open Toys at Debenhams departments in 100 of its UK stores

Debenhams has outlined its plans to open Toys at Debenhams departments in up to 100 of its UK stores in time for the October half term, as the department store chain makes its move for the Christmas shopping period. The retail chain will play host to the biggest name brands …

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Hamleys owner Reliance Industries drops out of the race for UK department chain Debenhams

The Reliance Industries owner and richest man in India, Mukesh Ambani, has dropped out of the race to buy Debenhams, the Sunday Times has reported over the weekend, having emerged only last month as one of the possible suitors for the UK department store chain. At the time, the Reliance …

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Menkind to open concessions within select Debenhams stores across the UK

The gifts and gadgets retailer, Menkind has detailed its plans to open a series of 23 concessions within selected Debenhams stores across the UK. The retail brand is kicking off the plans from the start of this October. With all Menkind stores having recently reopened after the lockdown period, the …

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Former Debenhams CEO and ex-Asda boss enter £6.5bn bidding war for the UK supermarket chain

The former CEO of Debenhams and the former Asda boss are going head-to-head in a £6.5bn private equity bidding war for the supermarket chain Asda. Formal bids are set to be tabled for the grocery retailer early next month. First reported by Sky News, it is the ex Debenhams CEO …

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Debenhams puts liquidation firm on standby despite insisting it is “trading strongly”

Debenhams has put a liquidation firm on standby to draw up contingency plans for the department store chain should it not find a solution to its current financial crisis. The company, which is now in administration, has hired Hilco Capital to undertake the task should an answer not be found. …

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Fears surrounding pensions surface as Debenhams puts administrators on standby

With the accountancy firm KPMG on standby to handle an insolvency process, Debenhams has reportedly failed to make a top-up payment to its pensions scheme this month, meaning that around 10,000 members could be worse off if the company enters administration. On Friday, April 3rd, news emerged that the 242-year-old …

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