Tag Archives: debenhams

Menkind is expanding licensed ranges and adult party and card games to meet lockdown trends

The gadget and gift retailer, Menkind has highlighted its plans to expand on its licensed products and exclusive ranges as it heads into the Christmas shopping season, a move that has been driven by the increased consumer engagement with pop culture TV, films, video games and entertainment throughout the pandemic. …

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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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Debenhams confirms the 19 department stores to close by the end of the month

The department store chain Debenhams has entered the year with confirmation that 19 of its stores across the UK will close by the end of this month, after the company announced a CVA last year. The struggling retailer has since announced the 19 stores that will shutter between January 11 …

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Debenhams’ new owners plan to shutter 20 stores by early next year

Plans to shutter 20 Debenhams stores across the UK by early next year are now afoot as the department store’s new owners outline a strategy to launch a CVA this week. According to Sky News, the company voluntary arrangement will ‘pave the way for more than ten per cent of …

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Debenhams boss expected to step down now refinancing is in place

The boss of Debenhams, Sergio Bucher, is expected to step down, having played his role in refinancing the struggling department chain at the hands of its lenders. A source close to the Bucher has suggested that ‘having stayed on to get the refinancing in place,’ he thinks now would be …

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