Tag Archives: department store

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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