Debenhams Plc

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Retailers begin to outline store reopening plans – Update just-style | 4 Jun 20

Adidas, Debenhams, and M&S are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.


Debenhams collapse hits sourcing operation hard Hannah Abdulla | 12 May 20

Almost 70 jobs have been lost in Bangladesh after British retailer Debenhams liquidated its sourcing operation after collapsing into administration last month.


Seven Debenhams stores will remain closed after lockdown Beth Wright | 20 Apr 20

Department store group Debenhams has confirmed seven stores will not repoen after the UK country-wide lockdown comes to an end. 


Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 


Debenhams appoints administrators Beth Wright | 9 Apr 20

Department store group Debenhams has entered administration in the UK and says it is likely a liquidator will be appointed to the Irish operations. 


Debenhams to enter "light touch" administration Michelle Russell | 6 Apr 20

UK department store retailer Debenhams is preparing to file for administration for the second time in a bid to protect the company against claims from creditors during the Covid-19 pandemic.


Debenhams preparing to file for administration? Beth Wright | 3 Apr 20

UK department store retailer Debenhams is reported to be on the brink of administration for the second time to protect the company against claims from creditors during the Covid-19 pandemic.


Debenhams asks for rent cuts amid fears of second CVA Michelle Russell | 23 Mar 20

UK department store retailer Debenhams could launch its second CVA in less than a year after it wrote to landlords last week asking for a rent holiday and longer-term reductions as it seeks to manage its operations amid pressures stemming from the Covid-19 outbreak.


Debenhams' CVA challenge rejected by courts Michelle Russell | 11 Mar 20

Debenhams says a company voluntary arrangement (CVA) challenge process, which began last year, has now come to an end and the retailer can proceed with its debt restructuring and continue its recovery.


Debenhams pledges new sustainability commitments Beth Wright | 15 Jan 20

Department store retailer Debenhams has outlined a new sustainability programme alongside a series of new commitments, including a guarantee that by September 2020 all own-brand product sold in a Debenhams store will have at least one sustainable attribute.


Debenhams taps ex House of Fraser finance boss as new chair Beth Wright | 25 Oct 19

Department store group Debenhams has appointed former House of Fraser finance chief Mark Gifford as chairman of its parent company to help lead its turnaround.


Debenhams secures GBP50m in new funding Beth Wright | 10 Oct 19

UK department store retailer Debenhams has secured an extra GBP50m (US$61.2m) in funding ahead of the peak Christmas trading period.


Debenhams finance chief takes up Ted Baker role Hannah Abdulla | 26 Sep 19

UK fashion and lifestyle brand Ted Baker has named former Debenhams finance boss Rachel Osborne as its new CFO.


Ted Baker switches to Next for childrenswear Beth Wright | 16 Aug 19

UK fashion and lifestyle brand Ted Baker has inked a new childrenswear licence agreement with Next Plc, replacing a deal with Debenhams due to end in February. 


Debenhams names turnaround expert as new CEO Beth Wright | 8 Aug 19

Stefaan Vansteenkiste, who joined Debenhams earlier this year as chief restructuring officer, has been named the new CEO of the UK department store group.


Sports Direct challenges Debenhams restructuring Beth Wright | 12 Jun 19

UK department store retailer Debenhams has confirmed it has received a challenge to its company voluntary arrangement (CVA) proposals from plans including Sports Direct.


Debenhams creditors back CVA proposals Beth Wright | 10 May 19

Debenhams' creditors have approved its company voluntary arrangement (CVA) proposals in a move that will see the UK department store retailer shutter 22 locations by 2020.


Debenhams to close 22 stores by 2020 under CVA plan Beth Wright | 26 Apr 19

Debenhams has this morning (26 April) announced plans for a company voluntary arrangement (CVA) that would see the UK department store retailer shutter 22 locations by 2020.


Bucher steps down as Debenhams CEO Beth Wright | 25 Apr 19

Sergio Bucher has officially stepped down as CEO of UK department store retailer Debenhams Plc in a move that will allow new leadership to carry through the restructuring and turnaround of the business. 


Bucher expected to step down as Debenhams CEO Beth Wright | 16 Apr 19

A week after UK department store retailer Debenhams Plc finally fell into administration, CEO Sergio Bucher is said to be preparing to step down. 


Debenhams rejects latest Sports Direct GBP150m equity offer Beth Wright | 8 Apr 19

The latest development in the ongoing saga between Sports Direct and Debenhams has seen the department store chain reject an offer from the Mike Ashley-owned company to underwrite a GBP150m (US$195.8m) rights issue for Debenhams as the retail tycoon fights to try to take control of the struggling retailer.


Debenhams bondholders back GBP200m refinancing plan Beth Wright | 28 Mar 19

Embattled UK department store retailer Debenhams has received the green light to proceed with its proposed GBP200m (US$263m) refinancing plan – a move that is likely to wipe out Sports Direct's near 30% equity stake along with those of all other shareholders.


Sports Direct mulls GBP61.4m Debenhams takeover bid Beth Wright | 27 Mar 19

Shares in Debenhams remained up by more than 54% this afternoon (27 March) after Mike Ashley-owned Sports Direct International Plc said it is considering a "possible" offer of GBP61.4m (US$81.1m) to take full control of the struggling British department store chain.


Administration looming for Debenhams? Leonie Barrie | 22 Mar 19

Struggling UK department store retailer Debenhams today (22 March) revealed it is seeking a cash injection of up to GBP200m (US$263m) from existing lenders – just minutes before Sports Direct International offered to buy its Danish business Magazin du Nord for GBP100m.


Debenhams to carefully consider Ashley's GBP150m loan offer Beth Wright | 14 Mar 19

Struggling British department store chain, Debenhams, says it will give "careful consideration" to the offer of a GBP150m (US$198.7m) loan from its largest shareholder, Sports Direct boss and retail tycoon boss Mike Ashley. 


Debenhams in "advanced" talks to secure GBP150m loan Beth Wright | 11 Mar 19

Debenhams says it is making progress on securing a GBP150m (US$195.6m) cash injection, just three days after Sports Direct boss and retail tycoon Mike Ashley launched a coup to take control of the struggling British department store chain.


Mike Ashley launches Debenhams control bid Beth Wright | 8 Mar 19

Sports Direct boss and retail tycoon Mike Ashley has launched a coup at Debenhams that would see him appointed as an executive of the struggling British department store chain and oust the vast majority of its current directors. 


Debenhams issues fresh profit warning; expectations are "no longer valid" Beth Wright | 5 Mar 19

Struggling British department store chain Debenhams has issued a fresh profit warning as sales continue to fall. 


Debenhams in new sourcing partnership with Li & Fung Beth Wright | 12 Feb 19

Debenhams is to develop a new strategic sourcing partnership with global sourcing giant Li & Fung in a move CEO Sergio Bucher says will be a "key part" of the struggling department store retailer's turnaround plan.


Debenhams chairman resigns after being voted off the board Beth Wright | 11 Jan 19

Sir Ian Cheshire has been forced to resign as chairman of Debenhams after two of the struggling UK department store retailer's major shareholders – one of whom was Sports Direct boss and retail tycoon Mike Ashley – voted against his re-election to the board at yesterday's AGM.

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