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Tag Archives: Mike Ashley

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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Mike Ashley labels Debenhams’ deal a “national scandal” as lenders plan to close 50 stores

Shop Direct owner Mike Ashley has labelled his defeat in the fight for ownership of the department store chain a ‘national scandal,’ as its new owners now draw up plans to close more than 50 stores. The plans, busy being drawn up last night, put at risk some 4,000 jobs …

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Debenhams will ‘consider any firm offer from Mike Ashley’ but continue with emergency funding plans

Struggling department store chain, Debenhams has stated it would consider any firm takeover offer from Mike Ashley’s Sports Direct, but will continue with its emergency funding plans. Ashley’s Sports Direct revealed after market close last night that it was considering making an offer to buy Debenhams. However, Debenhams stated that …

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