Tag Archives: department store

John Lewis confirms eight more stores will remain closed when lockdown lifts next month

The department store chain, John Lewis has confirmed plans to not reopen eight of its 42 UK stores when the current lockdown lifts on April 12th this year. The move will put more than 1,400 jobs at risk. The retailer’s stores in Aberdeen, Sheffield, Peterborough, and York will remain closed, …

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Owners of Edinburgh’s Jenners ‘will return department store to former glory’ as House of Fraser exits

The owner of Edinburgh’s iconic department store, Jenners, has insisted that it will see it ‘returned to its former glory as a retail destination’ upon the departure of Mike Ashley’s Fraser Group, who will be vacating the premises for good this May. News broke yesterday that the department store building …

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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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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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Britain’s independent department store Beales brings in refinancing advisers

One of Britain’s oldest department store chains, Beales, has brought in advisers to look at refinancing options in the midst of the high street’s crucial Christmas shopping period. According to SkyNews, the privately owned department store has turned to KPMG to lead a ‘quick-fire strategic review’ that could lead to …

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